I would first check with the Sate to pose the questions prior to doing the Title Search as they may simply answer your "title-search" related questions. 

Do you have  enough for all the needed materials but simply lack the money to pay for the labor needed to effect the repairs in total?

I simply take the full deposit on the date of move-in and pro-rate the remaining month's rent.But yes, hustle to get it looking great (especially since you've just closed on it and you'll be highly motivated to get into it).  

In this past year we maintained a honest and caring business relationship with Betsy and John, always making sure to help as much as we could in regards to keeping up with their property and simply making sure that we were good tenants.

If you buy at a foreclosure by a second mtg holder, you need to plan on simply Paying Off the first.  

I simply tell potential sellers who I am, what I do, and what I will do for them.

If international candidates are renting in our rooming house we simply take a holding fee (electronic payment).  

No cash ever changed hands it is simply an assignment of the entire note. 

No cash ever changed hands it is simply an assignment of the entire note. 

@Sean Rogers If you are thinking about setting up LLC simply to protect your assets, then you can do that by getting an Umbrella Insurance (not Life Insurance).