I will definitely look at that pamphlet online.

(b) If after a casualty loss the rental premises are as a practical matter totally unusable for residential purposes and if the casualty loss is not caused by the negligence or fault of the tenant, a member of the tenant's family, or a guest or invitee of the tenant, either the landlord or the tenant may terminate the lease by giving written notice to the other any time before repairs are completed.

What a deed-in-lieu may prevent is having the documents preparatory to a foreclosure being recorded and become a matter of public record.deed of trustSome states, like California, do not record mortgages.

I am a Ordained Minister through the online Universal Life Church.

I have done that model and seen that model over the years.. one guys in INdy called Holdfolio did thisnot sure how it performed but chose the rights assets and proper management and that works.there was a guy in Ohio also that called him self MR> triple net.. he sold you a home then rented it back from you for a set fee then he leased it out in a master lease situation were he took care of everything.my model I used a debt instrument equity share model that basically worked like what your talking about but had a pref return no matter what was happening with the asset.. that put big onus on operator to perform..

Since you have no LLC, it wouldn't matter for tax purposes.

They only conclusion I can draw from their behavior in these matters is that they want to keep me in the fold and would rather sacrifice a little margin an a deal today, to keep our relationship strong (which one could conclude is better for their long term business and hopefully my long term wealth).A few examples:One house we had under contract, I got a 3rd party inspection that came back bad. 

An employee gets paid no matter what.

Find wholesalers (online search, local real estate meetings, bandit signs), sign a co-wholesaling agreement which outlines the 50/50 split, locate properties that the other wholesaler can sell, put them under contract and let the wholesaler bring the buyer.

My question is does it matter when I enter the market being a newbie?