I want my first property to be a buy and hold, however; I have always been very mechanically inclined so in the future I will do some fix and flips to provide me down payments for commercial multi-units.

You may wish to confirm that the new 401k provider has experience with the particular investments in which you intend to invest your retirement funds as you very likely will have questions in terms of the mechanics (e.g. how do you invest in real estate, etc.).3.

In this case, you obtain ownership subject to any mechanics liens, tax liens, subordinate loans, and all other encumbrances the property accumulated while your borrower owned the property.

Mechanicals completely updated.

I am a Commercial Lender with an emphasis on SFR and multi-family, let me know if I can help in any way.

(example: weeds, mechanical, etc)

If they are old owners, the mechanical are probably in bad shape and you are potentially operating with septic or multiple cess pools, as well as potential underground oil tanks, which all could be a long-term disaster.

A person with no property management experience managing a PM is a bit like a person with no legal experience trying to manage a law firm, or a person with no mechanical experience trying to manage a mechanic shop).

Now with that being said, there are several mechanisms that you could use,   In most states you can either quit claim a property to another entity without a problem. 

Greatvalue for the money, many of the meetings are geared towards newermembers of the community with a strong emphasis on education.https://reif-jacksonville.com/JaxReif is a group who meets a few times per month run by Greg Brady.