The home was a wreck when we bought it, smoke yellowed walls, dog hair and feces (yep) on the floor, and loads and loads of junk left behind.

I don't want to split hairs, but I do want to protect each of us and have it stay positive.Thank you! 

GAMLS you have to pay an ongoing fee for instead of when a sale occurs like FMLS.With FMLS you still have to hit yearly minimum brokerage sales numbers or get hit with a big fee.What I learned from that experience is that many agents have a sense of entitlement.I would find that maybe only 20% to 30% of the agents would have a closing that month.So to scale this if I had 100 agents you might have 6,000 to 9,000 a month gross coming in.For that though it is a major headache.Many agents are part-time and rusty or an investor wants to run a hair brained scheme.My favorite is a new agent that just left a 50/50 brokerage that has almost zero training and wants to join my firm.They would want you to train them and spend hours and hours for a 300 trans fee.I am not even mentioning the amount of paperwork you have.Agents not keeping up with education requirements,not paying license fees and getting a lapsed license,getting a suspended license for child support, government loans,etc.Getting IRS orders to take any commission your agent gets and pay to them etc.I now have about 18 agents and haven't taken anymore for over a year.I do way better and make more working my own deals.Paperwork and headaches are less and I don't babysit have to constantly watch agents anymore.I would say it's good to have the brokerage license just don't add any agents unless you keep it small and they agree to a fat commission split for your time invested.If they him and haw kick them to the curb!!

I guess all my BP hairs were standing up for no reason.

We need a bigger house, but I don't want uncle Sam on our back.We own 2 profitable hair salons, and most lenders hate self employed borrowers:(

Some counties have systems that are so obtuse you will pull your hair out getting data.Title companies can sometimes provide data, too.

If you want to play this game, you have to spend the time (and pull out some hair) to figure out these recorder sites.Generally the address is not an identifier for properties.

The equity investors will likely get wiped out, or at least have a major hair cut.

OK so wholesaling in Pittsburgh,pa is like having long hair in the 60's either people hate it or don't understand it. even lawyers and people in the industry and getting guidance from anyone here is tough.

You'd think too, for a billionaire, he could get a better haircut.That thing had a 'Reactor" under it on the diagram, wonder if there would be a loss of hair over time????