However even if you make more money than the requirement you can use a portion of your income to apply.

@Matthew Morrow, I am a little curious on how you are involved on the deal and what your relationship with this client is?  

One challenge that may arise during the sale process involves third-party property management.

@Jamie Banks The issue is as far as I know almost all Leases when ALE types of companies are involved the  insurance policy holders are listed as the tenant.

There are small communities in Texas where the 3 or 4 small brokerages in town just keep a list between themselves or have created a Facebook group among themselves to promote their listings.I have run across a few Brokers over the years that just worked with buyers in the purchase of HUD/VA foreclosures and were not Realtors and therefore not members of a Board/MLSHowever, in any MLS that I have been involved with if the Broker is a member of the MLS, all of their agents are also required to be members. 

However, strict IRS regulations apply, including prohibited personal use and mandatory income and expense management through the IRA, with penalties for violations.

City gets involved. 

Structuring a 203(k) loan for your partnership involves some creative thinking, but it’s definitely worth exploring.

If you run a lending as business, your interest will convert to ordinary income and could be passive based on your involvement.

Does that same logic apply to "buyer agent commission"?