@Carlos Enriquezplease advise what would possess someone to purchase an out of state 4-plex for $1.1MM?  

As far as my market, I've been listening to Grant Cardone and starting in my own backyardI think Nicole your own backyard is probably good advise.

Now what was the 1 stand out piece of advise that you learned and would pass on to other first timers?

You're a good man.Sounds good, but many others on BP posts advise reserving those funds to cover the cost of those events.  

With this duplex, I told my accountant that I was paying cash and right away he advised me to create an LLC.  

Things have changed recently where the dream job I had evaporated along with the company, so I am very happy to land on my feet, but it is tough coming down from your dream job, very tough.Thanks for your advise.

You pay a professional somebody to advise you, and then choose to ignore that advice and instead look to the nobodies on the internet for free advice?  

@andreas MirzaThanks for the advise.

As a fellow-wholesaler, the best advise I could give you, is that you become well-familiarized with alternate ways to structure deals in order to make the deals work in situations where there are title issues such as first or second mortgages, liens, low or no equity deals, etc.

Considering a loan from someone who is "having his Dad become a hard money lender" would be ill advised.