The trust and the LLC are the owner of the asset/real estate, so even in the scenario that they guess, they guess wrong.This is far more than you need to know at this stage.

Maybe you could rent rooms to friend(s) and enter the world of the Landlord.These ideas may not fit your situation as you seem to be different than most 18 YOs if you're able to make a large down payment at this stage of life. 

They get buried in many lines of coded information from each incoming callrail call.8) Action steps (their tasks) are all labeled "action step 1" at every stage of the process which is very confusing at a quick glance. 9) You cannot edit a pending action.

I know these are basic questions, but I want to start right and make this venture a successful reality.Any other things I should be doing at this early stage?

Pick their brains during the bid stage and learn as much as you can. 

Might be excessive but it give you more security.

That said you appear to be in an embryonic stage of this business.

The 3rd account, a savings, gets excess funds moved to just to take advantage of a higher interest rate than the checking account. 

Once you see it open up, the world is yours.1 & 2 are much more important, both to your real estate investing biz and the quality of your life.That's all now, thanks for the nice thread.Signed: Bigger Pockets resident Metaphysician and Empire Builder,The Money DummyAnd a P.P.S. to Yoda ~ Think we should come up with some stage personalities for this whole thing?

My cousin lives in Fortuna and tells me mail still arrives by stage coach.