So if a trading company can prepare taxes for "profit" based on total of what they sell vs. cost (what they paid for the goods), can we apply the same for a R.E.

Now I just need to figure out how to ACTUALLY find and execute my first property. 

If the numbers work out I wouldn't hesitate to execute a deal, even with multiple wholesalers involved.  

If your the realtor you might consider it but thats just trading investing for working. 

Pick our a standard Earnest Money or purchase contract... it will be fill in the blanks.2. fill in the blanks IE purchase price  who is buying who is selling and settlement date.3. get it signed and e mailed back by seller.. 4 walk the contract into a local title company and have them process it like any other transaction.pretty simple as you said.. or find a simplithetic realtor who will take 30 mintues with you.I don't know FLA RE law per se the disclosures are usually on the onus of the seller not the buyer so you probably have no issues.. but again a RE broker should be able to answer these questions in 10 mintues

@Jordan Jett welcome to BP, and congrats on your graduation. just like jasmine said podcast are a great starting point, along with the free E-Books, this is the best place to be!!

((I prefer Donni)) I'm R E A L L Y new to Real Estate, so I'm looking for all the advice I can get.

4) Anything else that I have missed in order to make sure that my first lending deal has been executed properly.Thank you

Once you agree on terms of the offer and both parties sign you have an executed agreement.

Thanks @Steve VaughanI know it is a good opportunity just want to make sure i execute it properly.