The most profitable area of real estate in my opinion is new construction... that way you can literally build sweat equity... at least that is what I am focusing on!

To find a rental that you can BRRRR in my market is nearly impossible. 

You can meet local investors by registering to attend real estate events in your area: https://www.biggerpockets.com/forums/521-events-and-happenings6.

Does anybody have any advice on this subject, anything I should watch out for, is a lawyer necessary, does everyone have to sign the deed, or is it a straightforward process I can do myself?

Can you sell your currently live in property to your LLC?

Quote from @Victoria Phifer: I don't recommend charging anything on a credit card unless you have total control of your finances and can pay off the balance every month.I charge everything I can to credit cards, but I pay the balance off every month, 100% without fail.

I'm new to real estate and looking to grow my network so I can learn to manage and grow our portfolio.

Thats what I would do next and you can really just see what the numbers tell you (and look at different rate/refinance scenarios how it would play out in the next few years)

I have researched the property and from what I can find, the owner died 4 years ago.

The plan was to do as much as I can myself but with as big of a task as it is, I don’t see myself being able to do everything in a timely manner.