(A) The activity is done without compensation or(B) The property is owned by the person doing the managementSo, if your family member is willing to grant you an equity interest in the property, would you feel comfortable that you're managing within the law? 

What I did is put stuff in garage for a month and discount rent for new tenant by $50 for first month to compensate for no access to garage.

Then you could provide the rehab costs and then move in and refi it in your name afterwards, of course compensating the investor for the time and risk.

Basically, we just want to ensure that we have something in writing from the tenant that says they plan to move out and are accepting 1 months rent as compensation for any inconvenience.I can pull something together, but thought I'd ask!

I would like to ask him to do the broker price opinion for this new potential flip-  He is aware I don't plan to sign an agreement, so doesn't have the incentive of a commission down the line, but I would like to be fair an compensate him for his time and efforts.  

An entrepreneur must be compensated for the risk they are taking.

It's illegal to accept compensation for this activity without having a license.You can have a bird dog sign an option for the property and sell the option to the investor.Or, you can pay a bird dog per lead like $5-$10 per lead or 100-200 leads for $500.You can't pay a bird dog a commission or have the pay depend on if the deal closes.

NOTE:  I have not received ANY form of compensation for this post.  

Im happy to work something out to compensate you for your time.  

Im happy to work something out to compensate you for your time.