@Edgar Gascon i think it would really depend on what the mngt agreement states or outlines.

The difference has already been clearly outlined in existing laws.Personally I would rather discourage a seller who's on the fence about doing a deal with me.

Regulations for this type of foreclosure process are outlined below in the "Power of Sale Foreclosure Guidelines".

That could helpful just to do your taxes and have records for an audit...sounds like the details for documenting could be better....Liability wise and for employee taxation issues, you can find some rules both the irs uses (search employee versus independent contractor on the IRS site) and your states outline of the distinction related to liability will probably be similar but may also focus on factors like whether you are controlling the means or just the ends (telling them the outcome is okay but not the exact means)...are you a client/customer or supervisor here?

I submitted an application for the "CoachingbyPeterProgam" and was contacted by peter soon after. we discussed basic information: motivation for REI, goals, expectations...etc. he sent me an outline of his program.

Anyone have an excel spreadsheet that outlines what I need to track?

  @Spencer Gray I couldn't agree more.I ended up in real estate, and syndication specifically for exactly the reasons you outlined.

@Todd Walker the documentation is merely bio/resume outlining the info you stated above.  

The inspection requirements are basically outlined on the sheet mentioned earlier.

In your situation, I would write, sign, and date a handwritten letter to the lender or loan officer declaring my intentions for the property and outlining my plans for the condo in the meantime.