So the problem I face is this: I am 17 years old (almost 18 if that counts for anything), I have very little money, and I don't know much about this kind of stuff although my dad has always talked to me about it.

Only one of the 4 houses has a loan which is $55k.One problem I face is that if you live in California, as I do, and you have a LLC, S or C Corp in any other state in the nation, California requires a $800 annual fee for each entity.

This was more than fair and face to face I told them if this doesn't happen I will go after all arrears.

The podcast guest last week made a great point about newbies in flipping- the biggest challenge you are going to face is yourself and your lack of experience.

Again, depends on whether you're talking about a coach or mentor, but in general, face-to-face is always better. 

The other problem you may face is that you probably won't qualify for any institutional loan while you're in your first two years of being a 1099 Independent Contractor.

Before you get really into the weeds of a possible deal, the first issue you will face is zoning. 

The issue that we face is my LLC owns the property that the investor has no ownership interest ( we have an established JV agreement between my LLC and him personally)and if we transfer ownership into his personal name we must wait 6 months to season ( per lender).Any suggestions as to how we may be able to accomplish this refi without having to transfer and season?

One of the most challenging decisions an owner/property manager must face is whether to raise the rent on a good resident. 

Meghan Chomut Thanks for reaching out and thanks for smiley face :). I