Substantial protection can be obtained with a good fire policy and good umbrella policy.

We still have TV ads running by law firms about foreclosure matters, unheard of five years ago.Dion, you brought up valid concerns but there is another point, the procedure of any lender in trying to obtain a DIL.It's been mentioned here that "lenders" or transactions are being done with advanced agreements to obtain a DIL.

Does anyone in the Kansas City area or midwest for that matter know of a great online course designed to help obtain a real estate license?

One of the advantages of Bigger Pockets is the assistance you can obtain.

In Colorado (as rules governing insurance are state specific), in order for an insured (individual or business obtaining the policy) to get an E&S policy, they need to be denied by three admitted carriers first.

With transactional funding, you are buying with a loan you obtained, not with your buyer's funds.

If a loan is older in age, income and asset documentation obtained at the time of origination is likely dated.

Also, as Eric Belgau mentioned, inform them that you'll be obtaining additional insurance coverage since they're growing and have them pay all or most of it.

Some of my goals consist of first obtaining one property, then using the buy and hold strategy I plan on replacing my full time wages of 2000 per month, next I plan on raising  that amount to 5000 per month.

I'm with Patrick,I myself am in the process of obtain a real estate license and also am very interested in wholesaling.