Now that guy up in Seattle who did the barrel rolls in the Q 400 now that was something.. and there was a kid called the barefoot bandit who had no formal training in flying that would steal Cirrus airplanes ( the plane we fly)  you can kill yourself real quick in those but somehow Darwin theory never evolved for him and he ended up in Jail.The state wants to make an example out of you for violating the laws on the books and you can count on draining your savings..

I've been saying for a long time that the key to success is not formal education, but knowledge.

This means lender cannot collect a deficiency judgement in the event of a judicial foreclosure.

You would form some sort of legal entity / business structure to formalize the deal whether it be some sort of partnership, LLC, C Corp, etc..

I purchased a home at Judicial tax sale over 2 years ago and have a standard Tax Claim Deed. 

I was going to draft a formal written notice regarding the condition of the property because he was not very truthful on the property disclosure either

So during this conversation, I informed them that there would be a rent increase in a few months and when I figured out what that was I would send the formal notice (as I hadn't decided at that moment).

With a wrap, there is formal documentation of the wrap.  

I am also starting formal learning for RE license exam.Wanted to request some assistance in knowing good / emerging areas for my first investment property (3/4Bed) costing 100-300k with decent possible cash flow.

However, you will need to jump thru some hoops first, specifically start a formal W2-style payroll for yourself.In short: create an LLC if your attorney says so, and hold on any S-corp election.