I get that I would be buying out the shares for the individual who holds all the shares within the established LLC, and it seems there will be no closing costs.

If this meets your criteria, and you plan on holding for a long time, then no worries.

It's a fixer-upper triplex with fourth unit in the back, ~80k. the goal is to live in it and possibly do a BRRRR. probably looking at an FHA 203k or hold off and rehab it over time as i get the money, potentially using the cash flow to rehab it. 

How much are the sellers asking for holding 

In instances like these, I have pulled the assignment fees out of the purchase escrow and had it in a holding escrow only and upon the close of the purchase, the holding escrow is close and disbursed.

I am looking to network with other wholesaler on buying properties for flips and long hold.

Hello All! I would like to "learn real estate math"... :) and would appreciate some advice regarding historical performance of the rental in terms of good metrics (cap rate, cash on cash, IRR et cetera, before and aft...

Mostly buy and hold, with the possibility of the occasional flip.  

During that incident it appears as though the roof pushed through the flooring and broke the joists/base holding up the floor (wooden frame house).This damage which is structural requires for the entire frame to be rebuilt.I have contacted a few contractors and the estimated cost is between $75k to $85k to rebuild the home to code.The downside is that this being a smaller city and rent being low, the properties in the area are selling for about $50k.I'm not sure if I could get a loan to rebuild and hold the property long term?...

We are mostly interested in Buy and Hold Investments, with an emphasis on multi-family units, but we are also considering the occasional flip when the market is right I found the Bigger Pockets podcasts on YouTube and am hooked, I'm so excited to have access to such an awesome community, especially being a newbie!