"Bird-dogging" in Arizona, question for someone starting out

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Hey all, 

So I've gotten really interested in bird-dogging as a way of starting out. My target area will be Chandler, Tempe, Mesa as I'll be starting out in Chandler AZ mid May

Upsides as I see it:

• Referral fees that I can stash away for future deals
• Networking with local investors 
• Learning my market
• Ideally learn the ropes from a more seasoned investor

I wanted to get everyone's feedback or experiences with starting out like this. Things I should consider, avoid, any recommendations on education material starting out. I have heard its extremely competitive, e specially in a hot market. Also I'm interested in the legal position I would have..couldn't someone easily take a property, sell it and not give a referral fee? Obviously this is worst case scenario, but something I wanted to get some clarity on.

As always thanks for the feedback!