And, I choose to use a generous appraiser!

I too have been looking to be an apprentice to a generous investor.

I've always had a bonus system , with a base % and a graduated bonus beginning at 90% and rising to 100% of rent collected per month.

my first bit of advice: surround yourself with successful mentors and people smarter than you. the other bit... give to others freely and be generous, it'll come back!

Offer a $1000.00 cash bonus to the buyers agent at closing.

although these folks are right in saying what they are saying, your experience in flipping cars is a bonus and will help you in this business.

Was amused to see your instructor of a "Financial Planning" class take such a view of the Interest Only Option since it is a financial "tool" that can be useful to some people and should in fact be considered by some individuals to accomplish their "financial planning" goals.A few of the valid reasons why one might choose an interest only loan would be: 1) for an individual that has uneven income such as commission based or one that receives occasional large "bonus" checks that could be used to pay down principal.2) For one that is confident they will be making significantly more income in the future 3) One that truely has a plan to invest the savings in something that offers a higher return than would be realized in paying principal on a mortgage 4) possible tax benefits to one that needs the highest interest deduction to reduce their tax liabilityAlso, most interest only loans "recast" each month, meaning you only pay interest on the AMOUNT YOU OWE.

It is against the law to pay commission to someone without a liscence Why don't you ask your parents to give you a bonus if you find a sucessful buyer for the property?

Any tax advantages become a bonus and even if your just getting $20-30 a month extra it will pay for the occasional leaky faucet or other minor repair.

On some properties like Freddie Mac right now if you use a registered agent you can get a 1000.00 bonus towards closing costs.