To formally accept investment money from someone else you should use a private placement and file with the SEC.You can also formalize money with a JV or LLC if you want to take on an investment partner.

They both have 3 bedrooms but the bigger house has much larger living room and bedrooms plus a gameroom, powder bath and formal dining room the other doesn't.

The government and many large high-tech companies have programs like this that will enable you to develop your focus.There was a thread here recently I wish I could find for you, where many successful RE investors volunteered their education and formal degrees.

For instance, in my state, CA, a formal probate can be avoided if the total gross value of the estate is $150,000 or less.

Meaning, the loan is approved subject to the following criteria being proven true in formal underwriting.

Even if your education does not set you up to be a full time investor, odds are it will help you land a job that pays better than what you would get without formal education.

I am from Oshkosh areas moved though currently in the Ohio river valley Indiana, KY border.

If you can turn the house in 6-months, which I'd surprised unless their credit is simply border line at the moment, even better.

Whether its formalized or not (e.g., an LLC), you have a partnership.

Chris Wight sorry if this is a stupid question; but, you only did the formal written offer because it was through a realtor, right?