@Filipe Pereira Thank you so much, I will look into that.Also on a side note from your other posts about potential heavy expensed utilities such as HVAC units, water heaters, dishwashers, etc., although having cash on reserve for repairs is crucial,  I would suggest purchasing a home warranty for your properties, to have a little piece of mind. 

The follow up is how it was set up in the rental agreement and what else is needed ongoing.

I would really love to relocate permantley and just flip houses but I am to committed here with a job and a side business already  (maybe in a few years).Thanks in advance

On a side note, I do have an SFR NOT in the Cleveland area and I do have the tenants put it in their own name and pay it.  

4) What is the best, user/budget-friendly website, that can help me set-up the correct business entity to do this type of business?

Hey Will,I am in in N.C. but the deposit amount that auction.com requires for pre-foreclosure properties are set by the state.

I think Millenials, my generation, have a different mind-set when it comes to a lot of things, including investing.  

They are for a reason one of the oldest and largest RE Brokerage firms in US with over a century in business.Training program is really informative, especially if you consider having some agency business on a side of investment. 

There is nothing set aside as a cushion for when life happens.

Once they have accepted our offer: they can set the mortgage payment up to be serviced through the escrow company so the seller knows the mortgage is being paid on time.If they have a Home Equity Line of Credit (HELOC) it will need to be paid off through escrow when selling Subject To The Existing Mortgage.All that’s left to do is to sign the contract and and we the investors will walk them through the rest.