If you're new to the game, you should hire an agent that understands investments and understands your needs.

I loved the episodes "dirt cheap land flipping" and mobile home flipping, quite motivating to see that the barrier of entry is much lower than people think to get started in this game. 

If they aren't ready to sign, move onto the next deal.It is a numbers game.

You do have unsophisticated borrowers attempting to conduct a business enterprise, the degree of scrutiny is much less with commercial but, basic theories, such as knowledge of the parties, prudent actions of an informed seller or buyer, acting in a predatory manner still apply.

Jackie I wouldnt bother with an LLC so early in the game.

I want to learn all I can about these reak estate game. ..I am starting out buy buying a owner occupied 4plex or 3 plex.    

I told him he might be better off pursuing this on his own as he would have all the skin in the game initially but he insists on me helping him and holding him accountable.

Figure 2 illustrates the negative treatment MSRs receive under the Basel III capital rules. 1 “FHFA Actions to Manage Enterprise Risks from Nonbank Servicers Specializing in Troubled Mortgages.”

I'm game.  

A quick background about myself: I am 23 years old, and since high school my end game has been to go into real estate investing full time after talking to my high school Consumer Ed teacher who was big into it.