The workshops cover various subjects from financing, wholesaling,, estimating repairs etc. http://dallasreig.com/ This group meets once a week on Saturday during the lunch hour.

Considering regulatory agencies have an interest in making sure the public is protected,  licensing coursework covers everything any real estate investor needs to know, such as the different types of valuation, real estate, contract and tenant law, equal housing and more.  

Due to a profit smaller than hoped for, they let me have the $8,000 profit, and I reimbursed them for their investment, as well as covering the payments for their home equity loan.

There are so many different avenues in Real estate Investing, there really is no one book that will cover everything.

They did take out a $90k total loan to cover the purchase and repairs. 

From my research and prior loan experience, I am not too confident on getting a loan large enough to cover this type of property.I would love to do some sort of owner financing that gets him paid and still have a solid cash flowing rental.  

We provided them with a Thanksgiving Dinner, and enough money to cover the heat and water deposit (they have been in this new house for 2 weeks with no water or heat).  

When you send it next, use a skinny contract, enclose a HUD to show the bank what they will net, a copy of your deposit, a cover letter about how bad this property looks, mention winter and squatters and give them a proof of funds statement.

It may not apply, or it may have already been covered by the previous title insurance.  

Additionally, for me to refi these onto commercial notes would mean higher monthly payments, and my commercial lender would also want 20% down and for me to have a minimum of $36,000 in the bank in reserves to cover a year's worth of mortgage payments (which I don't quite have right now).So even if I wrote up a contract to purchase them and refi them, my bank would look at purchase price for the loan, not appraisal, so I'd have to come up with 20% of $174,000 for each one just to get them bought.I talked to my lawyer about setting up an LLC of some sort, and the lawyer was scratching his head on how to structure this.