case in point I just funded a 8 home package in another prominent turn key mid west market.. the sellers were all AU investors who after years of not being able to make it work from their arm chairs in AU  sold out at 70% CASH loss's per property.. these transactions equated to over a 250k cash loss for those AU investor. 

No you dont, you might want to involve a lawer to make sure that your transaction is recorded properly. 

What things what you be doing daily, weekly, etc?

@Matt MerkelI recently did a similar transaction where I bought an owner occupied tri-plex in Minneapolis.

When I was in California, years ago, you could buy a binder title policy , to be used in the second (flip) transaction, for a 10% added fee on the original title policy. 

Investigate that and do itKeep us posted with your daily progress and learning curve

You will have access to the MLS to find your own deals and be able to represent yourself in RE transactions. 

In a normal retail transaction this is usually after the inspection period is over and everything is good.

There is also the Safe Act, which arguably places more restrictions on Seller Financing and Lease to Own transactions than Dodd-Frank.  

Something always comes up in the transaction and you will lose moneyI would walk away from my $1000 EArnest money before I would put up $127000 cash to make $1000Let the guy getting financing buy it and then buy you dinner, then you would at least guy a meal out of the deal