It's simply important for the investor to go through which of his properties are easiest to manage and where large repairs are not expected anytime soon. 

Personally I'd RATHER have the underclassmen simply for the possibility of having them for the duration of their studies.

At the refi, my PML can simply quit claim the property to me and I will be the sole owner of the LLC.  3).

The hard part was I was not mature enough to see that our differences were something that simply needed to be worked out.

***Enter Real Estate***The pursuit to FIRE faster introduced me to real estate....It all started after listening to the Audiobook, Set for Life by Scott Trench. 

I've read over and over again on the forums if you live on the west coast just invest out of state, but I would prefer to get started around Seattle to grow a portfolio.Very excited about this venture and entering the realm of REI.

The property under contract:  I found a 3/1 930sqft pre-foreclosure bungalow off MLS listed at $185k, I am using conventional financing but was able to beat out a cash buyer by asking the wholesaler what profits they were expecting to make and cutting them a $10k check and entering into a contract with the homeowner directly at $175k.

As a matter of fact, an overpriced asset is simply an asset offered for sale at a price calculated using a cap rate that is lower than the prevailing market cap rate (i.e. whether in a low or high cap rate market).

So, I was also told not to purchase a property using my LLC as my wife and I have enough financial history to qualify for a conventional loan or a refinance and the LLC won't (I assume this mostly applies to buy and holds and refinancing as with flipping we will not be looking to refinance or go conventional).Most of the advice I have gotten about how to have our LLC taxed is to simply have it taxed as an LLC and file our taxes together.

I also have a good title company in Atlanta that i've worked with before thats pretty good.I am trying to seek more information on the do's and dont's of auction.com, hubzu, and just simply purchasing at an auction.