@Cristin Rakestraw , creating an LLC for your rental property is a smart choice as a property owner. 

You can hold an open house for those who don't go through this process or you can just forget them, your choice.  

But I would say find anything and start practicing running a proforma and reach out to a contractor in your area if you have a relationship with one and get some ballpark numbers.

It’s the best practice and place to start.  

Learn all the cracks that a system may have, fix them and practice the one property you have.

I wanted to get some input and clarification on some wholeselling practices.

I normally do $2500 per unit as a reserve amount, but you can also think in terms of holding 3X, 4X, 5X or 6X  your monthly expenses in reserves which is also good practice.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

His business practices, from what I've experienced as a host and guest (and heard from others) are all about him.Although you gotta give him credit for taking a good idea and making it better.

Hey everyone, I'm looking to get started in the real estate industry part time in the Philly area and was wondering if anyone had any best practices for wholesaling or know of any good books to read on the subject?