However, many cases involve a child with a permanent disability that will ripen into a conservatorship.In CA, this few guardianship properties there are sold require formal court order, hence are subject to overbidding.In short, personally, I would not solicite these leads for purchase as they do not make very good prospects. 

Of course there are formalities but the concept is the same.

You cannot prove work comp to a state regulator by just not having it, there is a formal process to self-insured.Lastly, to the original poster@Jim Carson , living in Indianapolis, and knowing a lot about insurance, repeat this mantra when thinking about insurance. 

We open escrow and formalize the loan as soon as the trustee's deed is recorded and we can get title insurance...

That is, a broker or lawyer or both, however it's done in GA, for all formal/legal communications.I see nothing wrong with discussing every detail of your deals -- including anticipated profit margins and your history of success.

Hi, I'm new to BP and have not yet had the time for a formal intro but I've been around a bit and read/learning alot from this great community!

The majority of the states in the U.S. have adopted the Uniform Partnership act which consists of a set of rules of how partnerships should act if they don't have a formal agreement.Liability of a General Partnership.

LOLRE usually falls under the department of finance in business colleges.To get started in a formal education without heading toward a degree program that fits well with real estate, I suggest these areas of undergrad study.Economics 101 and 102Accounting 101 and 102, if you can take managerial accountingPersonal Finance, Money & BankingBusiness Finance 101 and 102 or similar levelsPrinciples of Real EstateBusiness Law and Legal ConceptsThese 10 classes or 30 hours would be a good foundation for RE.There are other courses that can be more specific, like construction management, municiple zoning and design as well as others.Depending on the benefits you might be looking at, you may look into an Associates Degree program at a local university in real estate or finance.IMO, good luck.... :)

And, I'll put money on it, if you don't get a good formal education and you rely on guru type stuff, you will never make more in RE than you will the military as an average enlisted guy with 20 years, just won't happen!

I even think that doing enough analysis will help you to better understand what it is that you require.Bram, sounds like you might have some formal training in the matter.