E-documents.

I followed up with a long e-mail explaining my perspective and under what terms I would be willing to continue renting. 

Normally, in a commercial contract, buyer doesn't sign off on due diligence and deal is dead, E/M refunded. 

So I would connect with local real estate brokers and have chats or e-mail correspondence with them.

@steven E. yeah the banks i spoke to for commercial loans all said they dont do preapproval letters for commercial.

But have found if Facetime isn't feasible I will record vidoes and e-mail links to a Google Drive.

Rental income is my only source of income hence my tax returns generate only the Schedule E (passive income).

So if you end up on the E, S, or Southeast side of Indy, I try to be a good resource.

Thank you, Greg.In terms of the accounting logistics, does the management LLC have to write a check to me for disbursement of the rental income or does any income the LLC has from collecting rent just flow through to my schedule E either way?

Ya this mentor should never have taken half of your life savings .. or like others who encourage folks to go into CC debt.paid for training can be a good thing.. but bottom line is you need capital to invest in real estate .. how are you going to make that capital back.the only way would be to do transnational real estate IE become and agent and make nice big commissions but even at that you need a years worth of income stashed away..I like your other idea  buy a house to live in .. you can find almost all gurus written materials and CDs extra on E bay for 20 to 50 bucks.. from students who never used it.