As long as you buy at a fair price where the numbers work out you will be ok, this will give you experience with a rental property but as you get more engaged into real estate investing you will figure out there are so many ways to acquire properties that require a creative mind that can recognize an opportunity and make it work. 

I am engaged and have a beautiful 5 month old son. 

Oregon has very strict anti equity skimming laws.. if accused of that and found guilty they make you walk the plank.. along with civil penalties.when buying a pre foreclsoure it can be done you simply cannot:1. rent back to the family that is losing it. ( which I think is pretty stupid)2. you have to share profits with them and are limited to how much you can make if you flip the house.3. you have to be a licensed foreclosure agent to work with them or have one rep you in the transaction.   

It you think the situation will go sideways, it's best to do exactly what Roy outlined - that's what lawyers are for.In fact, engaging legal help may speed the matter and discourage hijinks.

I define a good tenant as someone who:Pays all of the rent on scheduleTakes care of the propertyDoes not cause problems with neighborsDoes not engage in illegal activities while on the propertyStays for multiple yearsGood tenants are the result of effective screening by a skilled property manager.

The best commercial conversation I've had so far has been with Deane True at Charlotte Metro Credit Union.I have not engaged their services as of yet but they look promising... for bigger commercial dealsSo far all of the smaller deals 1 to 4 units that I have done have been with @Jerry Padilla with MB Financial who you can find on Bigger Pockets.

After following BP, listening to all the podcasts, engaging in all things real estate, reading all the books, attending local meetings and JV-ing with a top local RE mentor, this girl has officially launched out on her own, full steam ahead into the world of Wholesaling!

Long term, I would like to run a brokerage, numerous investment properties, and be engaged in all different types of real estate.Short term, I hope to make enough to pay my way through school and own a few investment properties by the time I graduate in 2019.

The agreement is between the seller and the broker, you as a buyer are not a party to the agreement, unless you engaged the services of an agent who informed you about this property.

I didn't read the article but again an assumption, this is for large corporations whom engage in building or purchasing large apartment house units.