Two big things here - Most lenders have included language that prevents a short sale from being flipped or wholesaled. They consider it fraud because you're getting money they should have and it should have been disclosed, so the A to B, B to C deals on short sales are not happening, at least in Las Vegas, the short sale capital. This was happening 6 months ago, but lenders have caught on and are now suing agents and investors on flipping short sales. I'd be real careful of this scenario.
Second, in our state, and most others, you can NOT charge an up front fee on being a short sale negotiator. In fact, in Nevada and many others, you are now only legally allowed to negotiate a short sale if you are a real estate agent in the deal, a licensed mortgage broker or a lawyer.
