My advice to you is to be sure you understand the property taxes in this state, and use the calculators to ensure your numbers will work for you.

Yes, I will ensure a contractor comes out with us when we do a second tour post-storm here.

It was more common practice years back ensuring that the agent wouldn't put in a ton of time prospecting homes, scheduling appointments and showing houses all for the client to buy from another agent or a FSBO.

* What do you do to ensure that the tenant is responsible for security deposit disputes since that is the largest reason for owner lawsuits* How familiar are you with the newly changed laws that can affect you the owner if they are not used correctly?.

This specific property is going to be an exception where I'm speculating good appreciation, while all future investments I'm definitely going to ensure a solid ROI and cash flow :)

Quit Claim are perfect for transferring properties from your name to your LLC and among partners - but when you're purchasing, the seller provides the buyer with a title policy to ensure clear title and for that a warranty deed is the only way to go. 

Here is a checklist of items you should consider leading up to Closing Day:Contact settlement agent and lender to ensure closing is still on schedule (1 to 2 weeks out)Review preliminary closing settlement statements (1 to 2 days out)Arrange money transfer  (1 to 2 days out)Sign closing documentsChange locks & make copiesPlace keys & lockbox at property for ContractorsProject StartupAt this point, hopefully you spent the Closing Period getting ready for your project, and you have your Contractors selected, lined-out and scheduled to start work on Day-1.

I think that the government will work to ensure that the economy will stay robust until after the Presidential election. 

I would reserve enough additional capital to ensure maxing out the IRA out for the next 3-5 years.  

I've found Matt Faircloth's book on Raising Private Capital to give some helpful and pragmatic tips such as explicitly documenting and reviewing roles and expectations and ensuring commonly asked questions and concerns are addressed such as "when/how can I expect my investment to be returned" or "what if I need the money back before the loan term ends?"