Then decide if it is worth writing.

They are both great at learning the fundamentals.I'm going to do a shameless plug regarding the book I write about starting with no or low money down. :) Oh - and don't forget to set up your Keyword Alerts!

He "thinks" he's looking for a tax write off, instead of income.  

The best way to write a good loan is to write one you would hold because you may just have to.   

I'll be making the go / no-go decision on this deal tonight.So I spoke with my attorney, and he says I can write up and give the future leases to the seller to give to the current tenants (increasing rent from $900 to $1200).  

Or do you leave the assignee's doted line empty and write your cash buyers name on there? 

Some lenders might recognize some level of loan to cost(+/- 80%), but you will have to verify your expenses and they will make sure you are bellow 65% of the new value by appraising.I recommend that if you are serious you write a 1-2 page plan, put in a pro forma deal of an actual property you would buy, along with a breakdown of the rehab portion, how you plan to manage the tenants (or if you a have a professional manager), ect.

While the two things can complement each other, I think the time spent getting your license would be better spent learning about the niche of  investing you want to pursue.I can see where if you're flipping houses it could be useful as the amount of purchases and sales will be higher than a "buy and hold" for example.I didn't pursue law so I could write my own will and legal documents.

Also write down your action steps you need to take to reach your goals.  

I'm looking to team up with talented individuals to make dreams happen.