Those are both local to me. 

@Basit Siddiqi, thank you for your response.Just to be clear, out of the 40K recognized as profits to the LLC, I can deduct all closing costs thus reducing the tax burden to me when it moves as ordinary income to my return?

Does the tenant write their monthly rent checks to the property manager, or do they write them to me?

And thought maybe I would jump in with a couple properties that to me seem like they could be good deals, but obviously being a newb not really sure lol. 

It's happened to me a couple times - now I know to look out for it some areas or just wholetail so I don't get involved in any rehab at all and mitigate the risk.

I don't want to be an OOS investor praying that I have the right team in place and none of them are lying to me.

Sounds a little sketch to me.

The tenant is complaining to me about it , ( what can I do I am not the utility company ?)  

And that got to me - that I came on BP tonight to catch some new pointers, and saw some discouraging messages.Well here's what I have to say to everyone who has people telling them "you're wasting your time", "the market is too competitive, you'll never find a deal", "you have to have more experience"You know what?

Now I know what I'm negotiating on with the banks/credit unions I have lined up.One note of interest to me: I called Capital One and they have a recourse loan that doesn't require any cash reserves, I even asked the question a second time to make sure I heard that correctly.