That is your destination and now that you have identified it, you can build a road map to get there.

I guess this because it's close to what a lot of financial planners will base their investment strategy on when creating a road map for standard retirement, and this is actually lower than what the market has averaged in the past.

Currently in my 2nd year at college, and I know that I want to do Real Estate Investing, with Real Estate Development later on. I've read a handful of books on Investing, worked at a property management company, and h...

It's literally like a road map to your first flip.

Dave had a road map that you need to follow, and it involves a lot of work and accountability.

More specifically I'm looking for a road map of sorts to the preforeclosure discussion. 

However, it is a good practice to establish your roadmap, educate yourself, and consult with your accountant and counsel to know when along your journey it may make sense to not hold particular {real estate} investments in your own name.

I always recommend checking this awesome resource , to help you define a good strategy for turnkey investing A Simple Guide for Buying Out of State Turnkey Investment PropertyYou are on the right path, now prepare a comprehensive road map for your ultimate goal, for building wealth through remote turnkey real estate investing.

You can then have a road map that may aid you in strategic writing of your agreements.

The great @Brandon Turner compares the lack of planning/setting goals to taking a road trip across the country without a road map.