If you have a regular buyers agent then ask them to look over it and figure out a way to compensate them. 

My wife is a teacher so I know how all about teacher compensation. ;-( You said you made four offers?  

Moreover, laws prohibit the licensed agent from compensating you without your own license so you can't get money from the agent by bringing a buyer.Start by working on those objections and see where it goes.

I'll tweak the vacancy, repairs, cap exp, and mgmt numbers but I didn't want to under compensate for expenses.

A lot of us would welcome a little help and be happy to compensate @Victor Quan!

It depends on who found the deal, negotiated with the seller, etc...if you are just providing the funding and your partner is handling everything else, a 50/50 would be fair compensation.

That way you are compensated fairly for that role.  

Always more details after the first post, LOL.Yes, you were acting as a buyer's agent.Then you asked the seller for a commission, you were attempting brokering.You were initially acting for your buddy, compensation was part ownership.

If the property needs reno, I have been through them so I will make sure to be compensated a lot more than dollar for dollar via a discount.  

The Commission take steps to clarify the cunent ambiguity in broker-dealer regulation by determining that persons that receive transaction-based compensation solely for providing names of or introductions to prospective investors are not subject to registration as a broker under the Securities Exchange Act. 2.