Then I’d sit for the Michigan exam.Step 2: Form a Michigan Real Estate Broker Company (aka, a brokerage) per the MI Bureau of Professional Licensing’s requirements.Step 3: Draft written listing and transaction management procedures and source and integrate necessary software programs.Step 4: Form exclusive relationships with a local title agency and mortgage broker.

The good wholesalers will have experience, knowledge (provide accurate ARV estimates or at least close), integrity in putting together win-win transactions, and a list of actual real cash buyers ready to buy (or capital/ capital partners to close on the property themselves if they can't find a buyer), so that the seller isn't left in the lurch and harmed by having their property locked up by someone who doesn't actually have any buyers or a clue on how to sell the property, or any money to buy it.

Believe it or not, this company is NOT a scam, and they are full of integrity and they help you every chance they get.

I have talked to a lot of different ones and have found one that I really like because they have been doing it for twenty years and have vertically integrated property management and construction and a construction warehouse for fixes and everyone is on-staff.

You don't want to invest in a place you have never been to unless you are using a vertically integrated turnkey provider that others can give you references for.

If you have an integrated account and receive the inquiry from VRBO, but then book the guest off platform they double their commission rate to 10%. 

There was an apartment building where the junkies used to pull out the medicine cabinets and throw their used needles into the wall to hide them.

I'm an IT Consulting guy by day & RE investor by night so getting into the details of all of the technology offerings, how they integrate, which capabilities overlap/don't, where integrated value sits, etc. exposes my nerdiness/love for this kind of stuff.

I suspect this would happen if various parties were given the ability to ask questions in nearly every application for what this thread touches on - and I have major concerns about integrity (and credibility) issues involved in putting yourself in a position to defend this position if ever challenged. 

This does also include my live revenue manager, which accounts for about $20,000 - so without her about $60k for pure software integrations.