You have come to the right place for real estate investing! 

@John Anderson definitelyjust make sure the HOA allows investors purchase and rent from day 1.based on your budget, I know of another HOA in DFW that is allowing new builds for investors.

It will get f'ed up.

- Could the seller be trying to hide potential major issues in the house by leaving no room for inspection results or could it be just ensuring not to disturb the tenant?

We want to start an LLC, the fee with our attorney is over $1000, i did come across legalzoom and other online LLC services which costs a few hundred. 

The pros as I see it are Good ROI for the groupMoney made for my mentorI get the house for 25k under list with the security of no other offers coming in and the possibility of 25k profit.

but not in a rush to put it on the market because she's busy. - A nearby similar property just sold for $350K but was updated.

You’re going to pay this entity more money than anyone else in your life.If you're successful, that could mean that you will pay them millions over the course of your business career.So who is “this entity?”

Can I provide notice soon to not intend to renew a lease (no cause) of the section 8 tenant--this is a 12 month lease that ends 10/31/24. 

Age group 4 and up.