Physically seeing deals in person regularly and using BP to connect with direct owners would be very educational IMHO.

If you are just buying it from him then just a regular contract of Sale. 

Can i purchase the property and get the loan under the 4 members names so i can get a regular residential loan instead of a commercial loan under the LLC? 

I’ve worked with my GC on several deals and he has approached me about wanting to work together.Essentially it would work something like this…1) My LLC purchases the property2) He will only charge me COST on the labor and materials (no profit or markups) which will save me around 30% on regular contract figure he gives me in my market which is very expensive3) He will also make 300k of his own liquidity available to inject into the deal (I will put some of my own cash in and get a HML loan for the rest).

Hoping like many to become a real estate investor over time, but for the moment I had a question which I'm having a lot of trouble figuring out:What would be the best / most appropriate insurance configuration in this situation:- My wife is the title holder for a single family home- She does not live at the home - Her parents live at the home, rent free- Her brother pays the mortgage on the home and he plans to rent out two rooms in the house to long term tenants (strangers)- Her parents will continue to live in the rest of the home, rent free (this is fine, just putting it here in case it affects the insurance)- My wife and I are able to visit the home at any time and do so regularly to see her parentsAll I want to make sure is that we (my wife) are covered from all angles on insurance.

Brandon, ultimately you will do what you think is best for you but it's been my experience that selling a cashflow property that is producing positive cashflow before the 5 to 7 year mark will usually lose you money.

I do not do anything real estate related on a regular basis.

After you start working through 1 on a regular basis you’ll know what your monthly costs are.

I'm keeping a Pittsburgh based return address on the postcards/letters, but I'd rather not have a giant collection of returned mailpieces pile up for me to collect on a regular basis.I've heard of an option where the post office can send you photos of your undeliverable mail and then discard it for you, but I can't seem to find anything about this service on the USPS site.

Some HOA's include cable and internet, depending on the type of community you are in (full resort-style vs 'regular' ).