Internal liabilities (issues within the LLC such as an injury on one of the properties) must be insured against.

I am also in college and for my advance English class I am writing a paper on real estate investing.

They bought the place for their daughter to live in while she was here in college (must be nice!)

I have built systems (probably) similar to yours for internal consumption.

I am a 4th year student in college and I know I don't have a significant amount of capital to begin with so I am planning on starting out with wholesaling to gain some knowledge of the industry and some firsthand experience (with slightly less financial risk) and most importantly build up capital!

Some of my passions are new technology and college football.

I will be buying in the surrounding areas of Cleveland, Ohio where I was born, raised, attended college at Case Western and just recently started a family.

. ;) Personally, in college, I was able to work 40 hrs (thankfully I had a flexible job) and remain at the top of the semester hours where I would have had to pay more to take more classes beyond full time.  

I originally wanted to do 5% conventional (about $20,000; I am not even a year of college so this is pretty much all I have). 

He calls the three steps Pre-suasion, Conversation, and Post-suasion.The goal of the Pre-suasion stage is to internally strategize what you want the clear outcome to be.