These questions are important because depending on your long term plans, you will want to have your asset protection plan--insurance, entity type, taxes, state of LLC...other things well beyond my scope--to align whether your targeting growth, multiple asset classes, simplicity, super cheap or super protected...etcIf you plan on growing beyond your current level I would highly suggest a commercial insurance policy--It will offer the ability to put these properties into a trust or LLC, will have more expansive coverage, (relatively unlimited) growth under a single policy or two and offer the easiest policy management in the long run.  

However our CPA recently informed us of the gift tax we didn't realized we would occur in doing so (as we are not married). 

Like most things in real estate, there is no black and white answer to getting your Connecticut real estate salesperson license, but here are some considerations you might want to take into account.Pros:Savings on back-end Commission (This should actually be the easiest calculation for you to do - and really a question only you can answer: You will probably pay a Listing Agent 2.5% - 3% of the resale value of the homes you intend to flip.

If you want a charitable tax deduction, hire a service for a once monthly deep cleaning as a gift.

Hi, yes, you can begin with Dodd-Frank, collection requirements and foreclosure then off we go to HUD regulations, certified housing counselor requirements, then, check out the FBI site, consumer information is the easiest source, search for "foreclosure help". 

I'm quite certain that there are others on this forum that are more gifted than me.  

Traditional lending, using a note and mortgage or deed of trust (state dependent), to those you've met, and on properties you've physically walked through, will provide the greatest return for what we believe to be the least risk, so long as you educate yourself, Aniket.The easiest way to learn while doing is to find a trusted broker or hard money lender at a local real estate club.

; based off what I researched the property was given to him (gift or grant deed).  

If the Zillow figures are accurate there is $25k of equity which I'm planning to have my aunt write a letter and gift to me that I will use as the down payment on the house.

The easiest way to charge that fee is to find properties that your buyer would be interested in and put them under contract then sell that assignment.