Hopefully the agent who does this is aware that he is violating the terms of service with their MLS by agreeing to this arrangement.

We lend on construction loans and this is a prohibitive arrangement for us.Not that you would do this, but what banks have seen in the past is that the builder family member will charge more than necessary to inflate the price of the home and then cut the money back to the homeowner.

Are there any verbal agreements or arrangements between the current Landlord and Tenant?

The biggest benefit of this arrangement was actually keeping track of the hours.

They do minimal upkeep to older property as tenants know they have a good deal for the market and don't want to (rock the boat).Conversely if tenants are paying top market they want everything under the sun and then some done to the property and want the best amenities.I already mentioned if a down turn happens the top market properties can get hit as people want to move to cheaper living arrangements.

It is pretty routine in this area to arrange for utilities to transfer to the owner when they are shut off by the tenant, especially in the winter.

This was how I put my land lord at ease (and of course arranging a face to face meeting). 

I am on the Facebook group and I am trying to arrange my schedule to be able to attend.

Hey Ani,I was finally able to arrange a workaround with my lender that allowed us to keep my partners name off the mortgage and thus off the title.

The Arrangement*Jack* and I met a few weeks ago, have a lot in common, and want to flip a house and share the profits 50/50.