Good luck with continued studies. :)

I would start studying the market that you plan to live or invest in.

At first, the actions they should be taking are studying and networking as much as possible.  

@Dev HornThanks for that opinion, Dev.The critical skillsSetting the appointmentIf it is a pretty house, good location, just keep it simple, not alot of questions.The 5 Steps of the walkthrough - 1 Building Rapport, 2 The Upfront Agreement (to avoid let me think it over)3 Discovering Motivation - Talking about how they feel about agents, property managers, urgency etc4 The 3 R's - How to get the lowest Cash Price5 The "Magical What If Step"Lot's of reluctant language, appeal to higher authority, NLP, pretty advanced stuff.You make the money negotiating with the seller.

The Master LLC itself would hold the commercial Liability policy (Language will depend upon the state).

@Suzanne Player, after much back and forth and some recitation of the contract’s language, I was successfully able to terminate the contract using the inspection contingency.

In my state there is language in the RE laws that not being licensed does not excuse you from following the law. 

This is a rather silly question but (full disclosure) I am a college student studying Real Estate and information from this site has helped provide context for my studies.

Depends on the contractor...I have some very good subcontractors whose first language is clearly not English (And before you go assuming anything, for some of them it isn't Spanish either.) ... for them I have some mercy on their language abilities if they seem otherwise capable.If the first language IS English, and the grasp is not good, I get a bit concerned.

Any tips on language to use to attract families?