Prepaid - - that should ring the bell, "Do I INTEND to be or frequently be involved in a law suit?" 

I just closed on one in Jan 2019 and we're almost done adding the secondary suite.

Typically the existing downstairs bedrooms become a fabulous master suite, and the add'l bedrooms - 2 or 3 - are added upstairs, in addition to another full bath.

All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.NOTE: contracts not based on substantial consider,otherwise employed to permit an unlicensed person.....this means most of the unlicensed brokers in FL are indeed violating FL law. 

I usually refer my friends and family to LegacyShield and Netlaw if it suits their fancy.

That's why I say it is suited better for senior investors or that special person that has the skills to manage everything, and are used to dealing with numbers that have a LOT of zero's behind them. :) 

Another way to do that effectively would be to do that with Fix and Flip that suits your dementions starting out.  

By this last statement I mean - if you have a relationship with a lawyer, accountant, or tax professional, ask them for a referral to another in their field who may be particularly experienced in real estate investing (best if they do it themselves) and suited to your personal situation and needs.I recommend that you seek business insurance from a local provider in a similar manner.And you should build relationships with one or more realtors - also in a similar manner.Hope to see you at an upcoming REI gathering - usually the attire is business professional and the atmosphere is casual - but the participants are highly focused on REI and success (theirs - and yours).  

You have to get wet to swim, and at some point you'll just have to jump in. 

Typically, there are back up offers we can go right back to vs. getting tied up in court, suits etc.