The banker suggested the seller to quit claim it to me, then the bank would get it appraised and we'd go from there. 

Let me start by saying I have not visited the property yet, I'll be doing that in the next week or so.Here are the property details.  LOCATIONMidwestern city of 140,000, within a mile of a military base and university...

I suggest you join the local REI groups to connect with other investors.

I am incredibly excited and looking to get out of the rat race and I'd like to start utilizing real estate as my investment vehicle.I'm wondering if anyone could give me a couple of suggestions on this post.

I would suggest good pictures.

Please share any suggestions on how we should approach this. 

It is good to work with a broker who can make suggestions for you.

I would suggest hanging your license with a brokerage that offers more hands on training when you first start out its worth it.

As you suggested, they are closer to $100 per door per month.

I would suggest you learn about some strategies first before you pick the one you want to delve into.Attend local REIA meetings and connect with like-minded investors: http://www.biggerpockets.com/meetRead the Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingListen to the BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/