That being said, you'd sure better trust that they actually pay.If you're talking about contracting w/parties and wholesaling; In WV, my understanding of the laws is that all transactions concerning an interest in real estate must go through a licensee and a closing attorney. http://www.wvrec.org/Law.pdf

I understand that it will cost me more money but in my opinion, the tenant/s should be educated...

Help them to understand everyone's property value will sink together if this isn't addressed.

Its a crucial part of understanding the market. 

Oh ok I understand.

Its understandable as more economic turmoil overseas leads to more investment in the US, coupled with a natural desire to create passive income. 

(someone please, correct me because this is the way I understand it)Partnering with someone with money.Use your bank for a line of credit, which you will need to have a good credit score and a good salary to get qualified.Use hard money lenders (accepting their conditions but you need money to fill a gap since they do not finance you 100% of the project).Use crowdfunding money.Have cash of your own to finance a whole project.It doesn't matter what method of financing you use, knowing all the facts on a specific property will be required and the list is long beginning from the year built.

Fort Wayne investors, I am looking for a CPA and/or Financial Planner in our area who understands real estate investors and can help me strategize my taxes and plan for early retirement.  

The owner isn't hostile and understands that they have to go but wants to remain until the end of the month because they are broke.

From what I understand the home would be in my name and offer very little assets protection.