Being prepared up from is very important, especially if you are using a hard money loan.Good Investing...

You can pick these properties up before the actual auction directly from the owners.If you get to the actual "Auction," normally Court House Steps, then you best be very prepared. 

I would recommend looking for someone who is willing to work with you throughout the year, not just when they are preparing your tax return.

It can get tiring especially when many properties may not meet your requirements, but keep pressing on; eventually you will find one that does fit your criteria, make sure you are prepared to make an offer right away as it is likely that you are not the only one that thinks it's a good deal. 

I do like the idea of raising our capital through flips and doing multi-family/commercial property deals as that is the ultimate goal of this whole venture. 

Was there something you did to help you feel more confident in entrusting others in this venture?

The podcasts are very easy listens, with tons of advice and success stories, that you can easily rip through while driving.Good luck with your future ventures!

Once you get some experience, you could venture into vacation rentals.In might be difficult to find good cash flowing SFH in CT ( taxes and Insurance are higher than other states).you might end up with long distance investing.

I would venture you'd probably be looking at 3.75 - 4.25 here.Post-Refinance ExpensesRepairs $50.00 (5%) + CapEx $50.00 (5%) - These 2 should be at least $250/month. 

It really depends on the facts, circumstances, and goals of the venture as well as those of the owners.In general, Ashish is correct, avoid a corporate tax entity -- S or C.