I also left out that I am also interested in buying and holding properties and wondered how tough it might be to do it out of state.

This is what I have come up with for myself.I am going to specialize in FSBO properties, buy and hold/flip investors, facebook ads, and FB group posts for buyer leadsI created a pretty lengthy "how to sell your home" guide for FSBO properties, I plan to stay in front of other agents by actually knocking on doors, and delivering the guide to them in person, and then using that to set up a follow up appointment when I can deliver a free CMA. 

@Jeff Copeland Just wanted to say thanks for the very thorough response, and I think for the present I'll just continue mailing my leads and hold off on the short sale bit.

Good Morning Jose, Is your nephew looking to become a licensed agent or is he looking for investment training on how to rehab, wholesale, buy and hold etc?

After every three or four speakers they would hold a discussion panel with those same speakers and give the audience an opportunity to ask questions that would be answered by everybody on the panel.

We do wholesale, rehabs, buy and holds, retail.

I am contemplating on taking the risks and buy a few of these and hold and rent for years.

@Libby Tucker you should contact the bank holding the mortgage and tell them what you want to do, i.e. transferring the property to the LLC.  

We're estimating the total cost of the project to be $350,000 which includes acquisition, rehab, and holding costs.

My name is Marsha and my goals in real estate are to buy and flip and to buy and hold and will be wholesaling in the beginning.