how would i know when he closes a deal, I'm doing this virtually so I'm not present in that county. i am helping him out just want to know if theres any type of software i have to use just so well be on the same page or how would i know he's not screwing me over, would we just verbally agree to something and he pays me or??

This is usualy all virtually and done quickly. 

Something like a foundation issue and/or serious mold could make it virtually worthless.  

I look at it like the property is a little machine and in the begining it'll need to repair itself so it'll run a longtime later.just my 2 cents, I'm still trying to figure all this out as well

It may be different in your area but around here, the companies generally pay between 75-90% after first deducting a set amount per machine per day.

That's how the machines do it to sell you buyer's lists they provide.

Hey Brian, you'd probably want to check out virtual wholesaling.

L/O are not cash flow machines generally because a seller isn't going to be walking away allowing someone to simply manage a duplex and pull more out than what his alternative would be.....getting a manager.

And I want to do more of these virtual wholesale deals.  

In the today's real estate markets, investors are finding an abundance of distressed inventory and in some cases for prices that are 10% of the "replacement" cost of the property.After quickly glancing at the rents on Craigslist you might be tempted to jump off your chair and go grab a handful of these $10,000 priced 3 Bedroom Single Family houses and setup your passive cash flow machine and roll in the dough.