As an example, you could find an attorney who would draft up the docs for additional security and formality rather than relying on a title and escrow company to create a simple Promissory Note and Deed of Trust (or mortgage, depending on the state), as I see other DIY loans being done.

That’s where I’ll focus below.The Players:We formally evaluated four platforms after market research and chats with other professionals.

To me that is a blatant disregard of his responsibility, and demonstrates how he would treat other 'formalities' like obeying a lease.

IMHO....tyvek and the other house wraps are applied as formalities rather than for performance.

From personal experience, and helping clients buy their properties (househack or as a rental), I highly recommend keeping an amount of reserves that is a little higher than what you may think to account for some of the unknowns.But also, this depends on the purchase price range of the property, the condition/need for repairs and/or capital expenditure repairs, tenant situations (carrying costs for if tenants aren’t paying or you need to go through a formal eviction or a cash for keys), unit turnovers, etc.

I'm not sure if you'd need a commercial business license (Formally known in Philly as a business privilege license) as a sole proprietorship.

Has a written formal business plan.

You need no formal education to get into RE, but there are tons of opportunities for those who do.  

I am physically disabled, was broke, and had only a year of formal education.

I don't have a formal  engagement letter with the accountant.