Just remember to include that additional payment in your calculations.  

Note, they can also be reinvested into something else to create additional streams of income. 

Additionally, I do not have a well-established team and trying to make a square peg go into a round hole is not good business. 

I'm probably missing a few obvious things so please let me know if this fosters additional questions or discussion.

So my question is there a way to move the mortgage on me without paying any additional cost like closing cost and gross receipt which usually paid by sellers?

Plus, during the restoration/renovation process, if unforeseen things are discovered, they'll submit a supplemental claim to account for any additional cost.

As a 24 year old working in Sacramento after studying engineering at the University of California Berkeley, I stayed for $550/mo in Rancho Cordova, all included in a furnished room in a 30-something lady’s twin house (shared a wall with another owners house).

I just wanted to make sure there wasn't an additional document/steps that i needed him to sign/do before i went to the title company.

This additionally applies to your Vacancy and Repairs reserves. 

First, are there any additional steps that I missed?