For investors who are employed full time in addition to investing: When New Yorkers, Californians, Bostonians, (insert other expensive metros here) do deals in low cost markets, we get a tremendous feedback effect from high dollar amount we are easily able to put into the low cost market.

There must be a tremendous amount of repairs needed. 

Making a $100k fee is certainly possible, but don't think it just magically appears or exists,I this earned through fantastic negotiations and adding a tremendous amount of value.Since this is a direct sale and a standard one, simply have the contract assignable by having the name of the purchaser as "buyer ABC, and/or Assigns".

Putting your other expenses, rent loss and capex at about $4500 on about $20K gross income.This seems tremendously low to me.  

The rules can vary tremendously by state and it is important you understand them.

HOA investment programs give the investor tremendous leveraging power in purchasing distressed homes. 

The laws vary tremendously from state to state. however in general the most important part of due diligence is knowing the value of what you are bidding on.

If you can find an experienced rehabber who is looking for an intern and you have the ability to spend time working with that person that would be a tremendous experience for you, however that may be tough to find.

I majored in entrepreneurship at Baylor University and it helped tremendously in how I run my investment business, but otherwise in getting a career it was limiting as it is viewed as a general business degree.No offense to Real Estate Agents as well - I am one lol.Just my two cents.I hope this helps.Leon 

For me getting my license has helped tremendously.