The later strategy (acquiring a property subject to existing financing) is a great way to get control of a distressed property that you intend to buy and hold for rental, and refinance into a new loan later (or sell) when market conditions are more favorable. 

You want to stack the deck in your favor as much as possible.

Just make sure the terms are favorable to both parties and that you are protected.

While I agree with Ned that's it's not necessary, a website is one of my favorate ways to market.

It has a place for some businesses, but over the top for mine and a disproportionate ROI and ROF (return on frustration) that resulted in my writing off my $25,000 investment in favor of simple.Then we could talk about analytics, but that makes my head hurt.

Not that they want a lower return, but they just favor the more expensive assets.  

There are of course many work arounds, one of which, I reason, is to get my license so that I can do step 2 in my own time, putting in whatever time and effort I feel is required without asking for favors.

It might appear like they are doing you a favor by offering the loan in such circumstances, but if you are stuck in a position unable to meet the terms of the loan your credit and financial solvency can be negatively affected.

I have already began collecting contacts and was wondering if anyone had any advice on how to keep track of them and if anyone has a favorable app they use, ect. 

Also be prepared for the fact that the court is as likely to rule in his favor as it is in yours....which means you could conceivably end up owing the seller and the courts thousands of more dollars.