It's always a good idea to include those costs in the event that in the future that you may want to have it managed for you and just to be able to pay yourself for your time now.Without knowing the age and condition of the building it is hard to say if those Capex and repair numbers are accurate, so you may need to build in more buffer for that if it is an older structure with any deferred maintenance.Also, would the tenant pay all utilities?  

After attending the free seminar, and signing up for the 3 day courses set up by Rich Dad events.

In the event you got sued they would just sue the LLC instead of you personally.

...not sure if putting it into an LLC is a 'transfer-taxable event' and if so, what number is that based upon?

I simply do not thrive in large events like that especially when most events that do happen to fit with my schedule are filled with seasoned REIs who I can't imagine would take a very young, inexperienced, college student seriously let alone be interested in networking.

Hey everyone,  I want to start wholesaling and have a few questions.Where do you find REI networking events?

It supposedly makes it more difficult to pierce the corporate veil in the event of a lawsuit.

Thanks Franky, I have cash of my own in the event of foreclosure and have read enough to know about possible exit strategies.

I have listed some helpful recommendations for you:Meet BiggerPockets member in your area:http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you:http://www.biggerpockets.com/alertsRead Beginner’s Guide:http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts:http://www.biggerpockets.com/renewsblog/category/podcast/Find upcoming real estate events: https://www.biggerpockets.com/forums/521-events-and-happeningsForum and Blog rules: https://www.biggerpockets.com/rulesIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person.

I have listed some helpful recommendations for you:Meet BiggerPockets member in your area:http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you:http://www.biggerpockets.com/alertsRead Beginner’s Guide:http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts:http://www.biggerpockets.com/renewsblog/category/podcast/Find upcoming real estate events: https://www.biggerpockets.com/forums/521-events-and-happeningsForum and Blog rules: https://www.biggerpockets.com/rulesIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person.