,I know I need to file taxes, do the bookkeeping, screen tenants, have strong leases, insurance, and know a bit more that the average dame when it comes to structural issues and maintenance since my parents were builders.  

You can defer the tax by reinvesting, but must structure a tax-deferred exchange (1031 Exchange) to do so. 

Focus on major repairs like the Foundation and Structure work/repair. 

Hi Casey,One way to start knowing how to structure the deal is to look into what structures there are in the world available to you, and start learning them.

I'd like to network with any individuals who structure commercial deals or those that work within a financing role.

It is a turnkey place in a University Neighborhood, in fairly good condition with appliances about a decade old and a good structure, newer roof and windows.  

When I first got into RE, I felt I should've studied finance and law, because it would help me structure deals and work with larger investment firms.

I would probably structure the deal to include a small flat fee every month and then add a surcharge to the contractor invoice when repairs were needed.

I have researched though and it is best to set up the correct business structure before purchasing so you can utilize as much tax benefits as possible.  

It has a small 2nd structure on the property that used to be a 2nd garage that someone finished off and now is living area ( am not sure the exact size but I am looking into it.