Nicole, I would wholeheartedly suggest to you to stay away from RE investing until you acquire more knowledge - practical and theoretical, and become comfortable with it.

I know that the debt is unavoidable but my question is if I'm good in math and and working with numbers, and love business(someday want to be a CEO or entrepreneur) what major/minor should I look into that can help me obtain a nice FT career(not a job) that has a nice salary so once I finish college I can pay off my loans and invest in RE comfortably.

I am all about networking with other RE professionals and REI's, but I am not comfortable not having control of the situation when it is my blood, sweat, tears, and CASH on the line.So, have I missed something?

It's not a formal document, just a simple paper that spells it out and gives them comfort you won't be taking them to court later. 

I think other things come into play like you're comfort level in buying another one, your ability to manage another, your cash flow situation, your reserves, your other income streams (if you have some) etc.My personal approach is that I look for the best deals when I'm comfortable buying something.

. :-) And we are looking in chesterfield and henrico mostly since we know it and are most comfortable. 

My offer would be a structured purchase or terms or whatever verbage you are comfortable with.

Cheap light colored laminate in living/dining rooms.  

I would explain to him that I can save his credit from that repo, and that will save his chances of buying a house, car, etc for the next several yearsFor her, I would take over her debt, place the house into a trust with me as trustee, and have her change the benificiary to my in a few months, once the bank got comfortable with the idea of sending me the bills and getting paid on time.

@Lori BeardTo further @Adrian Chu's point, how comfortable are you to run your business in A, B, C, D area?