Alternatively, I could get a 4% loan on the property and pay about $6K less in closing costs.  

Alternative option.....If you buy in the name of the LLC, you can get a fixed rate, 30 year loan.

@Ryan Maguire we wholesale but for yourself as a newbie starting out, wholesaling can get overwhelming if you don't have some sort of  real estate foundation and you will have to use funds for marketing , dialers, post cards etc etc Another alternative is to simply find someone to partner with.

How good of a deal is it or what else is out there in comparison (Best alternative to a negotiated agreement) and what is sellers situation.

Seems like a good alternative if the seller doesn’t have much equity or wants full asking price.The operation in a nut shell is that you:1.

Any alternative strategy you would recommend?

If you want to go an alternative non college degree route, certifications usually involving online study is available.More specific to your question, an asset is something of value owned by an individual or entity.

Since you're already using QB to track finances, I don't know why you can't switch to a cheap alternative like TenantCloud for $10 - $15 a month.

I'll let you know if I find additional alternatives.

One alternative is the use of a umbrella policy.......no?