Implementing this strategy will allow you to be more knowledgeable and therefore able to make quicker decisions and secondly others take notice of the investors who are repeatedly transacting in a specific neighbohrood which leads to more opportunties being brought to you. 

Your closing costs usually include Title insurance, possibly lenders title insurance if your HML requires it, you'll pay their points/origination fee, prorated interest for the month possibly appraisal fees or other fees your specific HML require and sometimes the appraisal is paid out of pocket ahead of time. 

absolutely there are things that are specific to your area that he would recommend to attend your local reia but over all he give a immense amount of info from day one to the end so to speak.  

But at this point do not want to get too much ahead of myself.So, basically, keeping my current situation in mind, how to form an LLC, any specific type (cost effectively) and move my property into that LLC and eventually all my finances too.

In reading The Richest Man in Babylon (a must read if you haven't already), it drives home the point that ever dollar is a worker and should be put to work with a specific job. 

The time it takes to manage a triplex or quad may be a bit higher than a duplex depending on the condition of the property and specific needs of the tenants.

It can be tough but that is what makes this forum so helpful you have seasoned pro's to help.If you ever have specific questions feel free to reach out I enjoy helping and talking REI.

Do you still use a regular purchase and sale agreement with the original seller with any included addendums specifically for wholesaling, and are you legally required to verbally disclose to the seller and buyer or do these disclosures just have to be in the contract itself?

Hi @John ThomasAs far as investing out of state/out of your market:This website is a good starting point for figuring out areas for in-state and out of state investors.

Did they deny this as an "Act of God", or were landslides specifically denied in the wording of the policy?