Personally, I started in a market close to me as I wanted to do rentals so until I got my process down, I didn't want to venture too far from home.

I'm not a talky person to start with, and also a relative newbie to RE investing.

I’ve flipped before but I want to keep moving forward.

That means more expensive and less profitable and, personally, I wouldn't invest there because of the sargassum issue but you might care less about it because of the lifestyle component in your case.4.

And then 1M umbrella policy for $600 a year.Then he says the umbrella is strictly for my company and he can get me one personally..Am I really going to have to get 3 policies?

Strange that you keep changing the subject and don't want to address actual point I make. 

Also, when is cashflow to be enjoyed as profit taking when property keeps consuming cashflow.

@Randy Person, is there an urgency to close this deal quickly?

Those that are custodians will hold your funds or send them to a custodian if they are only an administrator, and help you with compliance and administration.Though as an investor, you should fully understand the rules behind prohibited transactions and disqualified parties, which are few, these companies will give you advice and hopefully keep you out of trouble.

Quote from @Nathan Farkash: Why not buy it in your personal name and hold it in your personal name?