Explain in details...I would love to learn about best practices!

I'm a practicing attorney myself, but I purposely avoid handling a lot of real estate transactions (ironic, isn't it?)

You said you're pausing because of a lack of practical knowledge about properties, so you should simply reach out to people who have the knowledge to fill in those gaps.

Lawyers may be needed or they may not be depending on the experience and comfort level of both parties and local practices.

Actually I do have a wealth of real estate knowledge and experience and I know this is definitely not best practice.

I recently watch a video on you tube where it seemed like a pretty common practice of creative financing.

What I'm looking for at the moment is basically any knowledge, best practices and tips you guys can provide, especially concerning the Swiss market, because that's where I will most likely start for practical reasons (living close to your investment).

Then go to as many REO properties as you can and practice your skill set.Here is some more info that should help you: Break up the home into sections - Kitchen, baths, flooring, paint, stucco, landscaping, plumbing (including fixtures), electrical (including fixtures), HVAC, interior doors, door casings/baseboards, windows/sliders/front door, roof, foundation, misc., and garage.Once you know what the common costs are for each area for a specific size home, you can see how easy it will become to walk in and walk out 15 minutes later with a rehab figure in your head.

I'm currently receiving mentorship through a great consulting program and I have analyzed more that hundreds of multi family deals just to practice.

BUT you analyzed a deal, and even if your numbers are off the practice will get you closer each time.