A degree in finance is practically worthless without it. 

That way you don't have to worry about licensing laws or whether you're practicing real estate without a license.Another option is to buy the property with seller financing, mark it up, and sell it with seller financing ("wrapping" the seller financed loan that you got from the seller), or as a lease option.

Common practice is to make money when you buy or you made a bad deal, so if he desn't know what money he is making from the start then he doesn't have a good plan and I certainly wouldn't follow it.I know housing is tight in the Western US - WY, ID, MT, ND, SD, UT etc etc so housing will come at a premium of some sort (price or competition etc).

(Living in an apartment with my sister who is going nuts because of dental school is no fun) I'm still in the research stages of the process and know I will most likely be purchasing a building where the owner wants out or is foreclosed on. 

I figured this was a perfect 1st deal just so I could practice going through contracts and filling out deeds with an out of state owner with almost no risk.

We always try to aim for practicality because that is kind of who we are and how we market ourselves.Hope that helps.

So, I went to take a look at it and figured it would probably be best suited for fire fighting practice, it wasn't.

A contract that contradicts usual and customary practice and that is loaded with BS exits or terms that can be found invalid can invalidate your entire contract.

When I started doing this, my partner told me he too is introverted but learned to not be through practice.

. , Not that I'm aware of.. but you may have a business plan on your hands..You could collect premiums from the human, then deny the claim because the animal was subject to undue influence if it didn't agree to the policy.Pretty standard insurance practice.