Pulling the trigger on your first deal is a huge leap of faith in yourself and your research.

They would have everything sent to title, on their account/escrow so it would act as good faith.

In addition anything else they will require to make a loan.2)Put together a sample package for investors, something detailed and clear, to show friends/family which I intend to try and get to invest in me, i figure they are my best bet because I have no track record in real estate, though financially I am pretty strong so I'm hoping my general financial success will give them faith enough to get involved.

He got a job he could do on-line and worked from the public library each day; they would attend auctions to buy furniture on the weekends.It took a bit of faith on our part; their application was impossible to verify.

As I then grappled with my "why"... the why for wanting to get out of my engineering job, the why behind making more money, it began to crystallize (my faith and times in prayer are the main drivers in a lot of this clarity, fyi).

This is your first line of protection and first line of defense, as it shows a good faith effort to provide housing that is free of mold and moisture hazards.You can get the booklet from the EPA, free to download or 50 cents to buy.

Interestingly both of them disclosed this to me...I have lost all faith in Transunion Smartmove....I can do a better job on my own with local resources and a little effort on my own. 

I'm just trying to have faith that it will work out.

No big deal for you and if you end up in court, it may be viewed as a good faith effort on your part.

To the OP, your number one and two can be yes, it depends on how your structure your deals, you don't have to use your money.As to consideration, in RE contracts the good faith evidence and the value is reflected in the earnest money deposit more so than other types of contracts dealing in smaller values with personal property.