The opportunity is soon to fall right into my lap.

This means they did not communicate to the tenants during the transition.Accounting issues: income for December was recorded as the full rent amount when only part of it was received from the previous owner via Venmo.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris scam and/or Morris Invest scam for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

Typically people box things up so they don't get damaged in a long trip via uhaul or moving van. 

If I create an LLC and purchase real estate via that LLC, am I required to hire licensed contractors only?

I reached out via Linkedin and asked to have lunch.

I would say if your model is to target a certain areas with less competition, better cash flow and low appreciation then make your plan to attack that area and do it well.Always be prepared in the hot areas because when a deal from there falls in your lap you need to be prepared financially to act.My 2cents

So long as I notate in my books what happened I doubt it would matter whether the transfer was started via check or digitally.

Cash is king and would love to start building capital via wholesaling. 

My personal accounts have a POD/TOD beneficiary, so for purposes of easy transition upon my death (and to keep things simple - at least that was my goal) they effectively function the same way as a trust account would (only they're not technically trust accounts).Most of my periodic cash flow from these syndications comes back into my personal checking account via ACH.