(Newbie Question Warning :D)
Prove that if $A$ and $I + AB$ are invertible, so is $I+BA$, and that $$(I+AB)^{-1}A=A(I+BA)^{-1}$$
I managed to work this out with the following calculation:
$$\begin{align} (I+AB)^{-1}A &= A(I+BA)^{-1} \\ \rightarrow \quad A &= (I+AB)A(I+BA)^{-1} \\ \rightarrow \quad A &= (A+ABA)(I+BA)^{-1} \\ \rightarrow \quad A &= A(I+BA)(I+BA)^{-1} \\ \rightarrow \quad A &= A \end{align}$$
But I have no idea how to specify my proof with words... the only thing I did is deconstruct the formula I was given, is that considered a legit proof by itself?
No, your proof is not valid.
You are asked to prove that (1) $I + BA$ is invertible and (2) $(I + AB)^{-1} A = A (I + BA)^{-1}$. But your proof assumes that both of these statements are true to begin with, a common beginner error. A valid proof starts with statements that are already known to be true, and works towards the statements that need to be proved.
It so happens that (assuming (1) has already been proved) your proof of (2) works if you reverse all the steps:
\begin{align*} A = A &\implies A = A (I + BA) (I + BA)^{-1} \\ &\implies A = (A + ABA) (I + BA)^{-1} \\ &\implies A = (I + AB) A (I + BA)^{-1} \\ &\implies (I + AB)^{-1} A = A (I + BA)^{-1} \end{align*}
(Warning: This is not always the case. Sometimes, statement A implies statement B but statement B does not imply statement A.)
You still need to prove (1). Use the hint provided by Kavi Rama Murthy:
More specifically: Multiply $(I + BA)$ by $A^{-1} (I + AB)^{-1} A$ and see if you can reduce it to $I$. (Since you are aiming for $I$, it does not matter which way around the multiplication is done.) The required manipulations are similar to the ones in your proof of (2).
Your question says:
In general, the presence or absence of words does not determine whether a proof is valid. Words are very useful in mathematics, but they are not required here.