Be wary and seek advice about everything before you dive into the deep end.       

Depends on the type of funding you are seeking, but in most cases, yes.

@Jake Thorpe, I would seek out a good public insurance adjuster.

I would like to eventually leave my 9-5, pay off student loans and get rid of PMI on my first property ASAP.The townhome is my primary residence and I will answer any questions and be grateful for any guidance.

Readers should seek professional advice.

Of course yes I agree this is a business for goodness sake not a charity debt seeking organization in the first place. 

I sure could use some guidance along the way.

They can help you avoid some of the first timer pitfalls and give good guidance along the way.

Hello BiggerPockets community,I'm in a pretty unique situation right now, and I’d appreciate some guidance.

If so, is this something I can get a template of online or do I need to seek one of these documents from an attorney to then present back to attorney signed by both parties to then draft a formal contract?