I decided to move ahead with a property through Morris Invest.

Don't try to get ahead by cheating.

They booked the house about 9 months ahead.

So, get ahead of the curve by either pricing realistically, or reduce once or twice by a significant amount to get the traffic.

But regarding the ownership of that LLC, my questions are:1) Do we need to go ahead and form a Corp now before we have any property? 

i feel like if i don't get in then I'm just waiting wasting time. but with 5% down allows me to keep that 40K in the bank for the next place.My questions are...being that its only a 100k unit. should i go ahead and put the 20% don't a make an investment loan instead?

Seeing as how we were given until Jan 15 to pay up or continue accruing fees, title insurance says we can go ahead and pay (thank god we have the money) and then send in our proof of payment to the attorney assigned to the claim.

Richard,If you do go ahead and self insure the property side of the Insurance, you may still want to purchase Liability coverage for the properties. 

In my mind this means don't move forward until I give the final go ahead.

Providing not penalties with no incentives is not a good way to do business.As to the OG questions, yes, you pay out of pocket, submit the expenses and the lender issues a draw after the inspection is completed to verify the work was actually done.As to paying a GC or any sub money upfront, be careful, you should always be ahead, not behind as far as payments vs work completed.Additionally, for a major rehab project, it is best that the contractor have a scope of work for all the rough labor AND materials and for fina sh work like lighting fixtures, plumbing fixtures, cabinetry, flooring, tiles, etc you pick it out and pay for it directly.