Everything I've been reading leans towards an LLC because there's more flexibility, etc. if I even need liability protection outside of good liability insurance. 

We were supposed to close Sept 7th but the buyers’ insurance and Title Company put the brakes on the sale until after Irma passes.

The property is currently modified to accommodate two families but there are no documented permits for the modifications done to the property? 

The $990 is including all insurance and taxes correct?

I learned (newbie mistake) that the unit is actually in a flood zone a and the lender requires flood insurance.

Check your closing documents to make sure that wasn't part of your closing.

I use Ally financial for my rental checking and rental reserve account, about the best interest rates you'll find for FDIC insured bank accounts.  

Hey guys,I am going to see two prospective quadraplex's this weekend and wanted to see if anyone had any suggestions as to what documents to ask the current owner for. 

As the wholesaler, do you have to tie up the property that you intend of turning over to an investor, with legal documents?

Remember, most are unlicensed and brokering without a license, have no accountability to state boards, operate as fringe operators skirting laws, may be correctly called public nuisances, have no insurance, etc.