I'm 21 years old, have no wife and kids,  and barely have any bills, so I am eager to get things rolling before the excess baggage arrives so let's go!

The condo had a tenant in it when we bought the unit, and he paid us one month's rent, but then was involved in a car crash and could no longer work and pay rent.  

You'll still have PMI, however after 5 years, as long as you arrive to 22% equity in the property, all you have to do is pay for an appraiser and the bank will drop the PMI.With the FHA loan, you can never get rid of the PMI.

I wrote an article titled crash and burned, my LLC.

Your property tax bill we be paid current when you buy the house (that will be required).The way I arrived at $18K net at close was this:  The net loan amount is $154K (70% x $220K) - $4K (2.5% x $154K) = approx $150K in funds from hard money lender.  

[Note:  I responded before arriving on page two of this thread.  

With the last residential crash that happened layers have been added in for protection for the buyers of these loans on Wall Street.There are "buy-back" provisions.

I'm looking for recommendations for good study courses, crash course, or self prep (online or book) for the California Real Estate Brokerage exam. 

Yes, FPO/APO is certainly included...though it may take it a little longer to arrive...

Let say I wrote an article that was called crash and burned with an llc.