Is there a more efficient way?  

It is done for tax purposes, simply put it is just moving the corporate mailing address to take advantage of a more friendly tax environment. 

I am looking to get involved in a more investment based real estate brokerage and start wholesale deals to be able to one day invest in flips, rentals and buy/holds.

And are you looking for something a little more turn key or do you have a more complex investing strategy in mind?

Here's a more detailed post on the Downsides of Rent to Own and Why I Still Like It.

We have seen that in more problematic areas Section 8 is wonderful as it protects the landlord from rent loss as well as gives a more structured approach both parties / tenant and landlord have to follow.

Using a "Letter Of Intent" results in saving time, energy, and gives a more streamlined experience.

A more reasonable estimation imo at the 11% cap rate is ~185.5K.

Networking is your greatest resource.When you've built up some good rapport and relationships, then would be a more appropriate time to solicit your sweat equity for help.I'm in the same position as you, young investor looking to get started and learn under someone.

I'm sure you're in a more expensive location but $275 seems super high.