I have no experience about any personal matter dealing with a foreclosure sale and who buys the property at the sale or anything that will affect her relationship with the creditor or any outcome.

If you hire someone that is very familiar with all aspects of your business and handle the over sight of more than one project you might find this to be the most beneficial to you.

2) Because its a probate property have the seller create a trust with me as the trustee, then i Buy the beneficial interest by purchasing it from the seller for 30kHOW WOULD YOU SET THIS UP ?

Someone take this for instance, and tell me you think what the outcome would be: woman calls about a 2bd home for rent in a beautiful ,safe country area. she state how excited she is to see this rental, when the rental can be seen, the rental would be occupied by her fiancé, herself and their 14 year old daughter. leaves number .

This website is very beneficial.  

I am looking for creative structures that would be beneficial for both the owner and myself.

i agree about a forum for mistakes, but that would be very specific based. for example, not including the cost of updating the panel might put you in the red. or not knowing that the hardwood is shot. or not catching the crack in the foundation during the inspection. or not even doing an inspection.there are so many (hundreds) of reasons to make it a flop that it might not be beneficial to most people. it might even scare people away from ever trying to get into the business. not to say "jump in and lose you shirt", but i dont know how much it would help if there is a "flop forum".multiple people on the podcasts have said "if you have not had a flop or being sued in this business, you have not been doing it long enough". so, everyone (except the TV shows) have had a flop, in my opinion.To me, here are the keys to success:- buy super low (as low as possible) to account for anything that jumps out. - watch Income property, property brothers, Flip or Flop and most importantly Mike Holmes to learn how to know if anything will need replacing. doing the work and watching the shows has taught me everything i need to know.

I think taking the proactive approach is most beneficial.

Also, having a real estate license would be beneficial because you can net worth with other real estate agents and investors.

If so, what was the outcome, etc.