I really want to do the right thing as I am purchasing this home for investment purpose and will like to put this in an LLC to separate it from my personal assets and be cover from a liability stand point, but can't really afford the 20 – 25% down payment.

There are also liability issues, privacy concerns, and asset protection factors to consider.

Hi so for as long as I can remember I've always wanted to invest in real estate but never thought it to be a reality for someone like me until a friend of mine recently introduced me to the bigger pockets podcasts and after listening to a few episodes I started to realize that even for a guy like me that comes from a background of no money can make it if only I put my head to it so I've decided to start by getting my real estate license since that's something that's constantly brought up in the episodes but have no idea as how to obtain one. any and all suggestions would be greatly appreciated tia  

Google "scott carson calling asset managers"

I would strongly suggest that you close this loan through a title company, this way, you will find out if there are any other liens against the property and be able to obtain title insurance, to insure the transaction.

What markets, class of asset?

If you're just starting out, you'd be better off finding something with less rehab, in the best quality asset class you can afford, and make sure the deal still works with a PM company to manage it.

I just answered a recent thread why you shouldn't buy entities, just the assets.

do the math backwards so you know where your goal post is:$6,000 per month is $72K per year72K at an 8% CoC ROI means you need 900,000 of assets producing income.

@Jeremy Taggart you can get this asset financed under an LLC, especially when using specialized lenders.