I see a need for me to educate myself about what not to do as much as what to do.    

Yea, I have been attending my local REIA meetings and I am currently working with other wholesalers, picking their brain and what not.

If the investor you take it to will not buy it, you lose nothing but gain valuable experience by learning what NOT to chase.

Prospect for properties as if to wholesale them and where the spread isn’t good or the situation doesn’t call for it aka a good home with owners who took care of the property and what not just do standard real estate sales.

I just want to make sure that a bank will refinance after the seasoning period and of course given my credit and what not. 

What NOT to say to your employee, unless you want him to quit.

This defines what the LLC does and who does what. Not

Neil, why dont you try what i did and work with a company to do a marketing campaign for the areas you are looking to invest in. this can be a great way to get GOOD deals that your wouldnt get otherwise, down side to that is that many people are sending letters and post cards and what not, so if the area you are looking at is saturated with those already your response may not be as good. but if you pick a good area you will do great, my partner and i picked up 3 properties in 1 month. also if you are having a hard time finding deals, you can always find the people with the deals and help them finance it, you would make money and you would get to see how the process works a bit before you have to do it yourself. private money lending can be very profitable. and there are several ways to structure the deal to make it work for you and the person your lending it to. hope this gives you more ideas...

What not to do is just as invaluable as what to do.

For strangers, they might require you to use official form with "lawyer language" and notarized signature, record as the first deed and what not.