May 6th we are the winning bidder of an online auction for a cute 1920’s bungalow.

Don't pay them a cut of the commission, but treat them rreeaallly well.

The housing shortage is acute in Southern California.  

I know my equity partner could get more somewhere else but I am family and taking a cut in profits in the beginning in order to get me up and running is an investment that in the long-term will net them a reliable, knowledgeable, lucrative partner.What are your thoughts?

What I’m suggesting is that, as a policy, landlords offer tenants who “get into a jam” information about resources in their communities to help them through acute financial hardship in addition to executing the lease as-is (evicting when rent stops coming in).

It is a cute home which should draw a lot of attention.   

You aren't just asking the owner to take a cut at this point, you're very likely asking the bank at a wholesale price. 

Plus the broker is getting a cut of all monies....bet they would not be happy with this agent.I would call the broker and explain the situation if the agent keeps insisting.

If the deal is brought to you through an agent from a wholesaler, its just a question if the numbers work, but every time someone takes a cut from the pie, there is less left for the end investor.I think I addressed the MLS scenario in my first post.

Does the university want a cut of the rent?