The house is built into a hill and the garage is basically part of the basement.

You may also pay "discount points" which are basically interest you pay up front to get a lower rate.

Although I find some people by word of mouth basically friends telling friends

Admittedly, this was 15 years ago, but it sure makes any claims of multi-billion bulk reo packages look like total hogwash.Theses were basically limited partnerships where RTC was the limited partner and lender, and another group was the general partner.

The education you get to obtain a license is basically real estate law.

We are electrical contractors so there is little difference, but there are some areas I can give examples:Homeowners want a Square D QO panel which is rated the absolute best for safety (and has been for years), rentals want Homeline or low end equivalent.Fixtures can make a huge differece - $4.97 Home Depot special for rentals, selection process for Homeowners (HOs) to pick the perfect fixture as per their individual tastes.HOs may want Decora style switches or receptacles (sometimes in screwless plates or specialty colors), REIs want economical, standard in white or tan (stock).REIs often have very little hand-holding.

That is a decent list, but it is pretty basic.

Basically I’m a newbie and would love your feedback in regards where to start in the real estate investing business.

Once again, it is very basic, but a good starter book.

I hate being the low guy on the todem pole asking questions that probably should already be understood up to this point, but I need clarification on what seller/owner financing is and how it effects both the seller and the buyer and basically how it works?