I am new to the world of Real Estate and plan on using this service and others to learn the ropes.

First investment purchase, first cancelling of contract, so unclear on the legal standing etc.I entered contract on a rental, and post inspection am cancelling my purchase based on findings of inspection.The listing agent who is the team leader for my buyers agent is requesting a copy of the inspection.  

I've used Legal Zoom to create my husband's and my will.  

Consult your financial and legal professional(s) - I'm neither.

Outsource it all to a servicing company.

He works with Real Estate professionals and offers full service such as bookkeeping, tax filing and preparation, and etc.

I want to know if there are folks here on BP that have been doing this and so what are the pit falls, and implications on tax and other legal issues. 

I'm a contractor here in Indy specializing in plumbing, electrical, tile floors, custom tile walk in showers however I offer full service minus HVAC. 

The foreclosure process is complex and full of pitfalls, I would strongly suggest consulting with a Real Estate Attorney in your locality; depending on how your set up, you may be able to write off the expenses incurred in obtaing the legal advice. 

Just call them and ask if they are too busy to handle all the work and offer your services.