Is there a formal contract format or will any general real estate contract legal in the area suffice?

I also look forward to learning more form all of you!

If you are looking to formalize the group and build it into something substantial, just be prepared for a huge time commitment.Good luck.

If the property is listed the listing agent should care about disclosure once they have been formally notified that there is a pre-existing defect that has been glossed over.

RE investing is a field that people can get into without ever doing any formal training.

What license or formal training should be considered as essential to success for REI?

Eat-in kitchen PLUS formal dining room.

Craftman style, decent neighborhood, needed significant work and great houses around it.Upon further inspection, it was partially worked on inside, some new sheetrock and paint, but it didnt look like anyone had been there in a bit.Knocked on the neighbor's door and after some chatting, got the owner's number.Long story short: meeting the owner this week for a formal tour, talk numbers, take my mentor and then maybe my first wholesale deal!

Long story short, it was a harder sell then thought as they were spoiled by the ST returns, and the regulation elephant made it too much to do without formalizing as a hedge.

Be certain to list yourself as in the employ of each, make a title, and a salary even if it is $100.00 monthly, something of formality.