As for the people that say don't do it, I'm pretty sure they think he will be doing it by hand, and not using a licensed plumber.

Welcome to the game Aaron.You're in a great market that is sure on its way up.Since you're on the ground you'll have the upper hand compared to all of the out of state guys. 

Know your resale value before you step into any purchase and make sure it will cover your expenses - including realtor fees, property transfer taxes, etc if you'll be selling it in a year or two - and then include the profit you intend to make too.I'd also encourage you to research mortgages from an investor's point of view. 

LOL Wire transfers!

Confirm the contract.Close on the deals Transfer management to PMStart repairsAdvertise property for lease,Rent refinance and roll if you BRRRROr just seat back and asset manage the property.

We will gladly take these houses off their hands and hopefully relieve them of this added stress. 

I'm about to finish my 3rd required course and apply to take my exam but wanted to start exploring brokerages and getting a feel for the industry first hand.

I have read about the formation of a trust and transfer of ownership to the LLC.

I think I should be in good shape on this one though, as I am local and know this market like the back of my hand.

They would be a hands off capital investor, and we would manage the entire process from finding the properties, renovating them, and selling them.