Also in terms of collecting rent, any good suggestions aside from tenant mailing check?  

The guidelines are different for both types of loans, so I would suggest you speak with a few lenders to see which best suits you.If you do close in  your personal name and then transfer title to your LLC, you may very well violate the due on sale clause contained in your mortgage.

Thanks for the suggestion, I will definitely take that into consideration.

Please share your plans/bandwidth for further suggestions.

If anyone has some suggestions of some good companies to hang my license with I would really appreciate it!

I myself don't buy SFH above $150K because numbers usually dont work in my favor, but i would suggest networking with real estate brokers who focus on higher end  listings.

A calculator app like Robert suggested would be very appreciated.

@Nicholas Aiola brings up the most valuable suggestion, although subtly."

Hi all,Can you please suggest a Property inspector in Memphis, TN 38134.

@Darryl JacksonHow much you need can depend on many factors , the purchase price of the home , the rehab costs etc.Also if you are going to pay all cash or leverage ( hard money or private money loans etc ) If you don’t own your own home I’d suggest doing a live in flip or house hack as you can take advantage of low money down loans like an FHA loan for 3.5%Many people have used this as a way to start out and gain equity that they then use for other deals .It’s possible to do deals without your own money if you do a joint venture type deal but could be hard to find someone to partner without experience, might have to give up more than half the profit but still better than no deal .