NOT a Quitclaim Deed, because Quitclaim Deeds do not fully warrant the rights and covenants of property as does a Grant and/or Warranty (or equivalent depending on state) does.

They have different tiers depending on what type of training and resources you're looking for.

The numbers can look great on paper, but the success really depends on buying in the right areas, managing renovations well, and having a solid team in place for property management.If you’re thinking about buying, fixing, and renting, I’d recommend starting by learning as much as you can about the different neighborhoods.

These %percentages are market dependant.  

Keep in mind the more you write off the less money you will show as you net.If you have (2) full years and depending on how the accountant files your taxes you will have a schedule C more than likely or another schedule that shows profit and loss.

Depending on your loan it might only work in the STR game.HOA’s normally do not allow in the Oceanside area but if you get on the beach then they do with restrictions.If you want a personal consult let me know.I have a team here in Oceanside, Carlsbad.

Depending on the rents and condition of the property, you could find a value or at least a price that would cause it to sell.

Then you owe hime another $40 to $100K depending on how you figure it out. 

Depending on the costs and a build to rent approach could work if you'd be willing to hold the properties as rentals. 

Again, depends upon location.