This post is not to explain the NAR 'changes' as to highlight transactional effects and considerations NO ONE has mentioned:Prior to the new rules (that effectively forbid the disclosure of buyer's broker's fees) one could readily assume that the listed sales price included compensation for both parties.

My short list is very short.I have also funded 100% on transactional deals, but that's where there is a solid end buyer already in place.I also have a source that I broker to who does 100$ financing, but the program is so expensive that there are few takers.

Some might choose to sell and pay the taxes, especially if the market conditions are favorable, but it would likely be a tougher decision without the 1031 option.As for the broader impact, it could hurt the economy by slowing down real estate transactions and reducing the fluidity of investments.

This personal connection was key in negotiating the terms and ensuring a smooth transaction, without the need for real estate professionals like agents or lenders.

When I focused on the purchase price being the most important part of the transaction (locating off market properties helped accomplish this) the deals always got funded and rehabbed......and money made.

I think both need a great deal of people skills being able to deal with multiple different people with multiple different desires in the transaction and being able to balance all of that is hard work in of itself.

But, excel is totally fine in the beginning (in addition to your PM software to capture transactions outside of the properties).We use QuickBooks Online exclusively for all of our REI Clients.

In what scenario would it make sense to hire a broker local to 1 area to broker a transaction in a different state??

A renovated older house can pass inspection but once someone is living in it and putting daily stress on the house, there will be repair issues. 

We have one bank account for managing the daily operations and a separate bank account for cap-ex.