If you were able to procure financing that allowed you to buy 10 identical homes to the hypothetical one described in this scenario, each with just $10,000 on the table, you would have ultimately spent the same $100,000 described in scenario #1 at the end of the year.  

If I got a great deal under contract for a cash purchase, but the purchase price is $1,000,000+, would the investor I'm looking to assign a contract to be willing or go through the effort of putting together $1M+ in o...

You may be lucky she hasn’t found you one yet I can only imagine what a tenant he/she procures would be like.  

Different challenges and obstacles, but both will likely have issues none the less.However, with that said, there are still some great deals that can be found in good areas of St Louis if you are willing to put in the time and effort to procure them. 

Use veterans to procure the housing, use veterans to rehab the housing, use veterans to populate the housing.  

Anywho, AR Code, chapter 42, Sub 1, under definitions defines acting as a broker for someone as:(10) "Principal broker" means an individual expecting to act or acting for another for a fee, commission, or other consideration who:(A) Sells, exchanges, purchases, rents, or leases real estate;(B) Offers to sell, exchange, purchase, rent, or lease real estate;(C) Negotiates, offers, attempts, or agrees to negotiate the sale, exchange, purchase, rent, or lease of real estate;(D) Lists, offers, attempts, or agrees to list real estate for sale, lease, or exchange;(E) Auctions, offers, attempts, or agrees to auction real estate, or participates in a real estate auction;(F) Buys, sells, or assigns or offers to buy, sell, or assign or otherwise deals in options on real estate or improvements to real estate;(G) Collects, offers, attempts, or agrees to collect rent for the use of real estate;(H) Advertises or holds himself or herself out as being engaged in the business of buying, selling, exchanging, renting, or leasing real estate;(I) Assists or directs in the procuring of prospects calculated to result in the sale, exchange, lease, or rent of real estate;(J) Assists or directs in the negotiation of any transaction calculated or intended to result in the sale, exchange, lease, or rent of real estate;(K) Engages in the business of charging an advance fee in connection with any contract whereby he or she undertakes to promote the sale or lease of real estate either through its listing in a publication issued for such a purpose or for referral of information concerning the real estate to brokers, or both; or(L) Performs any of the acts described in this subdivision (10) as an employee of or on behalf of the owner of, or any person who has an interest in, real estate;

The mailing lists look like they would cost about 1000-1500 a piece to get a large enough pool of candidates they say are necessary to procure a deal.

How did you procure financing for the deal?

>Tenant Procurement/Placement – could be percent of monthly rent or a flat feePictures, 3D Tours, etcAdvertising prep and determining market rentProperty advertisingAnswering inquiries (phone/text/emails/etc)Scheduling showingsShowingsApplication processingLease signings and MoveInsFollowing up on all of the above, hopefully consistently updating owners>Maintenance ChargesCommon: owner agrees in contract that PMC can perform work without owner approval up to a certain threshold (Example $500) or in an emergency.Questionable: owner doesn’t find out about charges below threshold until they get their monthly statement.Hourly – PMC bills at hourly rate depending on type of ServiceTech sentEXAMPLE: Owner billed at $65/hour for handyman workMarkup is hidden in that rate as highly unlikely PMC is paying their handyman the whole $65/hour.PMC or a subsidiary billing – PMC submits bill from their companyEXAMPLE: Owner receives a bill for licensed HVAC work on PMC form.Owner does not get the licensed mechanical contractor bill, so has no idea of PMC hidden markupTransparent – original bills from all contractors sent to owner, PMC charges a pre-approved markup for their time to handle.EXAMPLE: Owner receives a bill for licensed HVAC work on contractor’s form.Only challenge is some PMC’s get illegal kickbacks from contractors owners don’t seeThere are then many different IF -> THEN fees to cover evictions, emergencies, filing insurance claims, etc.WARNING: never assume you won’t be charged for something unless it states so in the management contract!

The only question is with what or how will people procure that roof over there head.