Thus far, my real estate knowledge has been gained through self-study.

Options such as a Reg D offering can prove to be too expensive for a smaller operator.

Margin are clearly tight but I am using this more as a case-study and to learn the process.  

lol There was quite a bit of searching and several programs I declined joining over a period of a month, but what saved me was simply searching for a few questions I had about wholesaling and taking the time to read the results in the BiggerPockets forums.BiggerPockets proved to be extremely valuable after I took the time to read and research more in depth into Real Estate Investing strategies within the site.

He could rip apart your contract or prove no consideration, etc.  

A VOE ( verification of employment ) will prove this from you HR department and from there you should be golden.  

.- Because you moved out and are renting it to someone else you would need 12 months of cancelled checks proving that you're not making payments. 

I am studying tax liens myself as they seem appealing.

I got my start here and had to learn some very expensive and costly lessons because of a myriad of mistakes I made (some of which, I picked up as advice from actual home study courses!)

Usually the biggest thing with a borrower is proving you are actually their new Mortgagee and not a wholesaler trying to work with them.