Water Damage is typically covered under policies that have a Broad Form or Special Form format and your friend's agent will be able to tell him if he has coverage for Water Damage.

My real estate investing interests are broad.

So I guess these classes seem alright, but they do seem a bit broad.

When you get that bonus and refund money, you'll have an emergency fund - keep that for a rainy day.Keep reading here and listen to all of the podcasts, they are like short courses on a broad variety of investment strategies.

Both these resources will give you a broad overview of the different options and the more time you spend learning it all, certain patterns will emerge.

You might want to post in the New Member Intros forum to introduce yourself.Your post is very broad.

I would argue whole selling is one of the hardest entries into RE and takes a very broad knowledge of investing. 

That is a very broad question.

That said, applying blanket rules across every market and every circumstance using broad assumptions is irresponsible in my opinion. 

The CFPB has broad coverage, anything like a CFD or Sub-2, assumptions, wraps, they all can be brought to compliance issues.Any high risk transaction may require buyer education.