I haven't once lost a bit of faith in myself or in real estate investing.

I have faith and enough serious players in this business as friends to counsel with.

Setting objectives in faith and family, for example.

Still receive zero penny now.My friend want to hire an attorney to sue the company for insurance bad faith act.Has anyone done it before?

Assuming of course that you have faith in it protecting you.

If they take you to small claims court, countersue for breach of lease, and bring all the documentation proving there was no mold and you fixed the problem quickly and they broke the lease in bad faith.

But hey, if you do happen to lose faith in managing then look into professional property management but don't ever let the weirdos make you lose faith in REI altogether.

"(g) the seller must determine, in good faith, that the consumer has a reasonable ability to repay, and while the sellers are not required to formally document how they made their good faith determination that the buyer had the ability to repay, a prudent seller should keep records in case the analysis is ever called into question.

I look forward to learning more here, and eventually taking a real leap of faith on my first deal! 

It's a document that you would file with the state register office if you do not end up closing on it.The benefits of this to the seller is that they always have a chance to get a better price for their house and they don't have to feel bad about negotiating with buyers.The benefits to you is that someone cannot go in and undercut you even if you do have a contract that expires.But one thing to consider while you are starting is to build up some good faith.