I'm now officially signed up through this site and excited to learn and execute.

After this, build a business plan on how you plan to execute the tasks after you find a property that fits your criteria.

Then execute on your knowledge with that first investment, fail fast and learn fast when necessary and remember to grow your network as much as you can.  

There would be a gift tax return filing requirement, even with no tax due.Such a transaction could jeopardize the previously executed  1031 exchange, as the IRS might assert that the property was never held for investment, but rather with the intent of gifting away to a child.

Last question Paul, I have monies sitting in the account now but have not executed a trade.

The BRRRR strategy is very hard to execute in the current market conditions.

The next step is to create a system around it.Nothing happens from one-off execution.

I would never enter into a contract if I didn't have the means and intent on executing it.

I just need some guidance on how to execute a first deal.

They might successfully execute their plan, or they might grow tiresome and want to get rid of these.