Are they taking a cut of the expenses?  

They teach a basic understanding real estate concepts such as Title and Appraisal, and compliance with state law.A license will require $$ ($1500-2500) each year to maintain your license through Continuing Education and other fees.A license requires you disclose you are an agent to every potential buyer or seller.You can pay for your own MLS login.You can also pay yourself your own agent commission (after your broker gets a cut)You can represent others in their deals.A license is a state sanction that allows you to put together real estate transactions "for another" and to receive a commission.

Its never just a cut and dry situation no matter how easy a house looks from the outside.As someone else said earlier build up your cash reserves or find a partner who has cash

I'm currently under contract for a duplex at 175k, where the sellers have owned the home for a very long time, and are acutally selling the place for assisted living expenses.

So rather than one lender bearing the full impact of the default and others avoid it completely, everyone involved takes a little of the pain for the defaulted loan while continuing to earn returns on the other loans in the pool.The broker does take a cut of the returns.  

Of course, you're looking to take a cut while wholesaling, let's say $4,000 for fun, you would need to have a contract for $81,000.  

This is great info, and my opinion is that most investors would definitely want a cut out of the profit or an upfront cost to coach someone.

As far as rent collection you could set up a direct deposit as an example.Others simply hire a PM and let them take a cut of the profits.

By combining your funds with others they can and do demand a higher interest rate (of course they take a cut) then an individual can usually get.

It is a cute little property with lots of potential but it's a lot of work at the moment.