The best way to engage with a seller is to write an offer. 

I would even reach out to huge corporations and see if they are doing any speaking engagements that you could attend. 

Why do we need big groups of deal sponsors to run an asset and also need to engage a property management company  to execute a business plan of exterior and interior rehabs to bump rents...

Hey, @Rebecca Francois --   The earlier you can engage with an agent the better, as they can help iron out some of the market-specific details and give you access to MLS reporting. 

A salesperson working under a broker may engage in such activities.Am I correct to assume that If I have a real estate license and hang my license with a local broker I can legally start the company in PA?

Anything to keep the insurance company engages since you need them to handle the lawsuit otherwise you'll go broke on legal fees to defend your LLC and its potentially meager assets (generally depending on how heavily leveraged you are at the time).I was just relooking at your post. 

Engaging the contractor will need to be your responsibility as the landlord - and ensuring the work is permitted and paid to avoid having a lien against your property. 

We are enjoying my boring 8-5 clinic job that allows my brain to engage in REI. 

This creates a moral hazard, where banks are encouraged to engage in risky behavior with the knowledge that the government will bail them out if things go wrong.

For hot leads who are actively engaged, you'll want to provide them the info they care about most but also juxtapose why this deal makes sense when others haven't for them.