Reason why is that you'll need to understand how to structure the LLC based on whether they will be equity partners, or if they're simply loaning you money.I would first figure out your strategy and then start putting the items in place to take in money when you're ready.

(List)What is the best way to determine and estimate the costs of fixing the items on the list to bring it back to "investable" condition for a flip.

We purchased a building in Jan with a bad tenant in Chicago, IL.The previous landlord had a simple 2 page lease without information about security deposit, etc..Now that tenant is suing us for not disclosing where we kept the security deposit funds among other items of missing paperwork found in ordinary leases.

The inspection and attorney review period uncovered some unsavory items.  

@Inderpal Chadha I see a potential problem with Item 2, wherein your friend transfers the SFH to an LLC.

This is going to include everything to the attorney including the sheriff.I went out there this morning before the attorney scheduled the sheriff to see whether or not there were still items inside the home.

These strategies will be broken down to promote the brand and to market to specific target audiences to develop business for our key areas of focus for Real Estate Investing.Branding and Marketing Strategies Online Branding-Website1.Squeeze pages- lead capture sites-Social Media1.Facebook2.LinkedIn3.Google+-SEODirect Marketing-Clipper magazine ad-Small monthly circular mag/paper-We Buy Houses Signage on our building-Car magnetWOM Marketing-Pittsburgh REIA and ACREStrategies -Wholesaling-Rehab/Flip-Supportive Housing-Note Brokering/InvestingTarget Markets -Greater Pittsburgh area in 35mi. radius-Where are our buyers buying, wholesale or otherwiseCosts -What is budget?

It's cloud based and integrates with their other tools like CRM, campaign tracking, lead capture, etc.

Then you become a captured client. :)When we say "you pay" you don't directly pay a commission as a buyer, it goes to the seller in the sale price who in turn pays the listing agent/broker, that listing broker pays the selling broker who then pays the selling agent.

Maybe an agent caravan with a fish bowl for putting in price they think it will sell at and the top two items they do not like about the property.