I have no idea how much its worth due to having no experience in this area.

This is a very dumbed down version because I am not including a lot of fees and costs that are associated with closings, but you get the idea.

The idea was to live cheaply, or close to free, while I save for other investment properties, then this one be a cash flow after I move out.

I live in Long Beach , Ca and work near this area as well. i see plenty of homes in this area as well as Los Angeles that have potential but i have no idea on how to structure a deal.

It's not that hard, but if you've never done it and are nervous, it's not a bad idea to hire a realtor to walk you through it.2) You pay a title company to research the title and get title insurance, same as if you used a realtor.3) Not really - but like you said, guidance and knowledge are worth a lot.

It is made for DIY landlords but would give you an idea of what you need.

I have no idea what the value is, but she she needs to ask something reasonable to get it done quick.

What kind of creative purchase ideas work best in this situation? 

@Henry Desmond Just a few ideas to get you started.

As far as I know, series LLCs have never really been tested in court so it is still somewhat unclear on how they will hold up but the idea was that each would be completely separate.Important note: In Texas, you have to set up your LLC as a series when you do your initial filing.