Spent another 90k out of pocket for the rehab.Filled with qualified tenants and cut expenses almost in 1/2.Now it cash flow +/-15% and is worth almost double what I paid. 

Any advice on how to manage these LLCs is appreciated.I hope I am on the right track by dealing with this relatively early instead of when I have double or triple the amount of properties.  

My first investment property was a 7 bedroom home across the street from a local university that I was selling (as their Realtor) for some clients who had used this to house their own kids as they went through college across the street.  

my written criteria for tenant screening clearly states double deposit required if no rental history, and friends & family history is negligible.

Its a bit hard to understand, could someone please give me a general idea of what are some things that I should double check and be careful about.Thanks guys

I charge my tenants 650 each for everything included and a furnished bedroom so I end up with a 100-200 dollar cash flow each month (depending on utility fluctuation) So all major repairs being paid for by landlord and cash flow to me you can see why comfortable staying here. 

Selling to an investor should be a little different for you, unless you're going the double escrow route, which should get you out of dealing with the title companies. 

Its somewhat of a double bubble. 1) You have the education/learning aspect from being able to have the question/answer forums that you can help yourself, help others, or simply learn something new from reading other members questions/answers.2) You can more easily find people local to you to network with that will significantly help your investing as well.BP has hit on the double bubble! 

A very average 2 bedroom 1 bath duplex that o have rented for $775 not including heat.

Double check on your state contractor board.