Sending a "no update to report" is better than not sending anything until there is news because the client will feel like you are keeping them out of the loop or not being professional.There might be a few states who require a Realtor designation as part of licensing but I do not know of any.

They send me my tax info at the beginning of the new year for deduction purposes and they send my seller interest rate profit documentation for the sellers taxes.So how did I get the seller to agree to something like this?

I usually use the purchase agreement approved by the local Realtor association- a lot of times real estate brokerages will make these documents available for download. 

welcome to bp @Eric Haasyou will need some money  to get started for marketing and closing coststhe good news is not muchstart networking and attending your local rei group meetups good luck 

I m preparing a list of additional questions to ask and document to require before I submit my offer.

Then looking at the documents, it has two mortgage liens against the house 1 for 350,000 and one for 500,000 and I need to understand if I was to purchase the house for the auction price, would I be liable for one or both of these separate liens?

It is possible that there is no document if the lender charged you and then did the evaluation himself.  

I'll be documenting my journey in becoming a Millionaire with pics, videos and words from now on. 

While the two things can complement each other, I think the time spent getting your license would be better spent learning about the niche of  investing you want to pursue.I can see where if you're flipping houses it could be useful as the amount of purchases and sales will be higher than a "buy and hold" for example.I didn't pursue law so I could write my own will and legal documents.

I'll include what I include on the application on the bottom of this post, keep in mind that I deal with low income tenants.Second is having a consistent, documented, defendable way of selecting the tenant from the applications.