I know I'm not good with names or faces, so If I don't see a tenant for six months or so, I likely would not recognize them . 

I'm in the early stages of our first BURRR renovation and we're predicting that we'll exceed the original budget by at least 1/3....mostly due to our failure to recognize things that really needed to be addressed (e.g., HVAC, plumbing) as well as the enormity of the project exceeding what time we thought we could contribute to the actual work.

Again, not everyone will know the difference here but you will after this.Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

So now the title is not in the father's name, but the previous occupants' names.Yes, the daughter of the father is now the executor and has gone through the official proceedings to be recognized as such.Not sure on the full details of the owner financing agreement, but the father essentially would have been the lender for the property.I have not attempted to contact the previous occupants who walked out.

As soon as you take possession I would call the tenants and identify yourself (they probably won't answer bc they don't recognize your number) and tell them you would like to meet and sign a m2m lease (make sure you honor everything in their existing lease for the first month) with them and have them fill out a application so you know who they are.

Owners are extremely motivated to sell, husband is 89 and wife is 79 and they both know the value but recognize the work needed to be done to bring it to code.

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.5.

I'm torn on whether I should self educate and network or go to school and get a more "recognized" credentials on my resume to break in the industry.Can anyone in the industry give some feedback!

I'm also a fan of "doing" and have already started running numbers everyday to get better at recognizing potential deals.

So my question is what should I be doing next while the process I mentioned before is happening. 1st thing you need to recognize is that you're LLC has to be in business for at least 2 years before any traditional bank will consider lending to it.