they could have an exclusive agency listing, where the owner retains right to sell and agent only gets paid if they bring the  buyer 

Here being a client means you put them on retainer to the tune of $450.

@Mitch MesserA foreign investor is only insulated from subsequent dances with exchange rates if s/he establishes an incorporated entity in the U.S.A. to hold their investments - they will have to pay U.S.A. taxes at the corporate rate, but can chose if and when they repatriate any retained earnings.  

not so mush any more in the midland area because the rights are retained by the original owner, i know in the land that i have here about 2 acres i'm in the middle of an oil patch but most everyone is who's not in city limits. and the original owner kept the rights but i made sure that it was in my contract that no lines or wells could be added on my property.

A debt deal with added downside, that is.I'm not sure I understand the concept of the sponsor retaining 80% ownership if the investors are contributing 100% of the capital.  

The option component gives you the option to buy or sell the option to a buyer.The biggest downside to this arrangement is that you would not retain any of the benefits of ownership (loan paydown, depreciation, etc.).

If the PM  has to ask the owner fore permission for an expense every time, it can delay the repair, irritate the tenant, and make it difficult for the PM to retain tenants and uphold a certain standard of service.  

Is $3750 ($250/hr x 15 hours) a reasonable retainer fee  for an eviction of a buyer on a seller financed transaction where buyer is overdue on balloon payment (by 13 months), but continued to pay monthly payments, although most were late and no late fees ever paid in 6 years.  

And, ironically, it can get more problematic with landlords good at retaining tenants for very long terms (i.e., landlords doing annual or semi annual turns get in the units and can go over them every inch, inside out, but not those with very long term tenants)...

Anyway, I could go on and on about this guy.Last month his kids are by our driveway pulling rocks off the retaining walls and throwing them with other neighborhood kids.