The only thing that changes is how much of the margin you will get to claim as profit.  

On the bottom of the link it will tell you if you are getting title insurance or equivalent, or if you are getting a quit claim deed.

A lot of people aren't aware that a a landlord can file a claim against the tenants insurance company in cases of negligence.

Or does the property have to be "put into service" before I can claim my losses. the expenses that I have accumulated for the 1 month in 2014 are property taxes, insurance, utilities and a few repairs/upgrades. 

I try to keep documentation on everything that is said and make sure all claims are laid out in their PPM.

You sign it and your client/customer signs it.

and then quit claim deed their name off?

Or if you take title on a quit-claim, you're getting whatever interest that seller had, along with any clouds on that title.Most common way is to have a traditional closing that clears title and pays off any liens, issues a title policy, and gives you true marketable title - that is only encumbered by whatever you have encumbered it with (mortgage, trust deed, UCC 1, Promissory note, etc.)If you don't / can't go through traditional title (say for example, you buy at a tax foreclosure sale), I'd say it's best practice to go through the quiet title process.  

They expect a lot from their students, but don't own their own shortcomings as mentors / teachers.Most folks come into REI looking for the same guarantees of income they would get from an employer: do what I tell you and I'll pay you $x every week.A lot of folks drop out once they start the process claiming, "I'm putting out all this money and not getting anything back".Even the group I'm connected with still has its challenges, but is the best I've found so far.Many of the gurus, mentors, etc. tell you to "treat the business as a business it will pay you like a business", but they treat their teaching / mentoring more like a hobby.

If you are just a home buyer, they may treat you as a one time customer and do not care about you too much.