Information is very important - asking the right questions and knowing how to respond to responses will mark you as a rank amateur or professional who knows what to do and how to get the the bottom line quickly and close a deal.

Yes, there are of benefits to the 529, much like there are benefits to IRAs and 401ks, but I trust you're finding here on BP that wealth can be, and is, amassed more quickly when you take control of things.

I'm in the game and taking action....thanks to BiggerPockets for the great resources and connections like @Bill Hampton, who helped me to set up my investment LLC.I look forward to quickly renting this unit and saving up for a 3rd home to add to my rental portfolio.

The 2% "rule" is used to quickly determine whether or not the property is worth your time to do the more exact due diligence. 

I do think it is very important to disclose that I am a Realtor and provide the seller with the option to sell the home traditionally or possibly get from under the property quick with a possible "cash" buyer.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Found this multifamily property and while it looks like it will need a major rehab, it will rent very quickly, and it is in a good area.

Just thought I'd add that the only reason he came down on the price was that I promised a quick close. 

Have you already seen the BP Free Course here https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing, it's a good starting guide for beginners as well.

Have you already downloaded the Beginner's Guide, it would be a good book to start here.