Backup Plans: If the original plan falls through, have alternatives ready (such as switching from a flip to a rental).12.

I somehow missed that in my original reading, but it immediately struck me when I returned. 

Originally posted by @Wayne Brooks:If the fee is contingent upon a closing/sale, yes. 

Originally posted by @Jon Holdman:@Jay Hinrichs how is your buddy doing with those? 

Use your $40,000 to buy your way in, learn from some grey-haired guy or gal while on the job, and make a profit. 

@Joseph Braun I’m originally from Baltimore and yes to everything @Nicholas L. mentioned.

Changing the deed into an LLC will probably prompt the mortgage company to call the loan - you will have to pay the loan immediately because the property is no longer owned in the same entity that originally got the mortgage.

This removes any leftover soap, oils, hairs, etc.2.

Financial predators who realize up front that they are not on the note and have no risk to their credit  rip rents with no intention of fulfilling the contracts and original seller gets wiped out.

Originally posted by @Russell Brazil:@Carl Richardson The only work around I see is hiring the "bird dog" as a personal assistant.