Unless you have somehow obtained good insider information, this sounds like a HIGH stakes gambling venture.

JTJoin the local Maricopa REIA and ask your question there for local information.

A big one with a ton of information regarding the process of brokerage/law/national law/etc, and a small book of Rules and Regulations directly out of the State Legislature.STUDY THE SMALL BOOK AND UNDERSTAND IT BACKWARD AND FORWARDIf, during the class, they tell you about certain statutes in that book, highlight them and revisit them.

You found the right place for information.

Feel free to ask questions and tap into the resources available including the informative BiggerPockets podcast.

I will post back with the information if he says ok.

I sent him an email informing him that I was deducting the cost of the repair from his SD.

Looking for any meetings or groups in the area providing more information on finding first deal. 

I’m willing to put down 25%, just looking to make an informed decision on the financing side here.

Be careful before sharing any sensitive information.