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The court held that after the debtor filed for chapter 7 bankruptcy, the servicer’s sole remedy to collect on the original note was to foreclose on the property—a servicer may not demand payment or remuneration as to the note.

What is your water source?

That being said, here are a couple things we’ve done that helped a lot (I’ll list most useful to least):1) Join investor and wholesaling facebook pages for the market that you intend to be sourcing from.

You're already working on the network piece (Keep going), and you can get valuable knowledge from relatively inexpensive books from well-vetted sources.

Hey @Anette Tikkop as a new investor, the important things to have lined up on your end are the down payment (should be sourced & seasoned from/in your accounts, either business or personal), expect lenders to prefer a 680+ FICO score, and the loan amount should be $100k+ -- the lower the loan amount, the harder it is for financing. 

Applicant is confident that rent payment will not be an issue.Should I consider the life insurance as a qualifying income source? 

Is 12% easily attainable through rentals without taking cash out of the deal and relying solely on rehab and rent?

I"m told that if it goes to collections that they can have no more involvement with it, and then I'll have to deal with the Collection Agency solely. 

There are many sources for that cash recovery in a rental property...and that doesn't include refinancing of any kind.