When depositing money into that account, do it in whole numbers (eg $5000).

flip flip whole sale, BRRRR and would you wait the market out or start now?

The whole point is to connect and to learn from each other.Best of luck! 

Hello @Patrick Ng,I don't know a whole heck of a lot but have done a little research on Quit Claim and only feel able to give a little insight on question 3.

@Adriane Boggs lots to unpack here the LLC question is a whole hour conversation by itself which is best spent with an attorney.

Hey Zach,Also to chime in again on #3 - The type of analysis that you would be looking for that takes everything into account as a whole is Internal Rate of Return (IRR) - Here's a link to a pretty easy read on how it is used in RE Investing. https://www.crowdstreet.com/what-internal-rate-return-irr/

It's critically important that you examine the underwriting and assumptions made in arriving at any particular performance projection to see if the projections make sense and are reasonably achievable. 

On the minus side, they are usually sold through a bunch of middlemen who charge a whole bunch of extra fees, sometimes as much as 7 to 10%.

Some cash flow day 1 and some do not but with value add strategy, cash flow can be easily achieved within months of acquisition. 

You will be finding a way to motivate yourself to achieve success.