What is your arrangement with the realtor?

As the broker's assistant, I'm pretty sure you could use their MLS access, show properties, and potentially collect commissions depending on the arrangement you work out with the broker.

As an out of state investor wanting someone with skin in the game to care about the property, some kind of partnership comes to mind.Know a young guy, who is the son of a friend, who is buying property in a southern area that is conducive to cash flow.Understanding how one person that carries all the burden could feel like they are getting the short end of the deal, I wonder what kind of arrangement would be fair where one lives in the area, finds property and keeps track of it, while the other investor is out of town too busy to be involved.I have more capital and credit than does my young friend so my contribution would lean more towards the capital side but that makes the partnership lopsided.

Could this be some sort of an arrangement with Fannie Mae?

They were free and I have the same arrangement with my bank now here in Utah.

I would like to arrange things so that the agent does not have to show us houses & does not have to search MLS listings etc.- we don't want to waste their time and can look ourselves.We just want someone to make offers for us and cover our butts with earnest money, escrow etc.

How far into the arrangement are they and when does the option expire?

This is also called factoring.In your case, it may be difficult to leverage this type of arrangement with just single property.

If it is, a cash for keys arrangement seems to be in order.As for the Section 8 tenant, non-payment of their portion of rent is grounds for eviction.

In other words, are the buyers or sellers sophisticated enough to understand the risks of a financial arrangement if it is disclosed or should something be disclosed in the first place.