The first thing to know is that the state of Indiana requires some acting in the capacity of a property manager to not only be a licensed real estate agent but also a licensed broker, so "Bob" did act in an illegal manner.

In addition, he should have his own insurance (liability and potentially workers comp) to cover him should he be injured on the job.Stuff like confidentiality should be handled in the independent contractor agreement.Here is an example of an ICA:http://www.biggerpockets.com/renewsblog/2010/02/17/whats-in-a-contract-contractors-rehabbing-real-estate/But again, make absolutely certain that he's acting in the capacity of an independent contractor before just assuming that he is.

They also learn how to comp and other pieces of Due diligence.When I close on a deal they've been a part of (in any capacity) they get a bonus.

Plus it can go even further if the buyer thinks you are acting in a agency capacity for them.

I will definitely do my homework and learn all I can before making a purchase.In what capacity are you operating in Boston right now?

While he needs no one to run to his defense, if you follow Jay's posts absolutely none of them are self-serving...he's an extremely knowledgeable and experienced investor who has done 1,000s of deals in different capacities.

While wholesalers ignore and seek loopholes in acting in the capacity of a licensed real estate agent, mortgage broker laws are federal and being in between the lender and borrower is much more strict than state agency requirements.

I do not have the emotional capacity to deal with this, nor do I have a spare 10K.You mentioned the word 'help'.

So I feel pretty confident working with people in a sales capacity, but I'll be the first to admit that marketing and sales are different disciplines - what sales courses are you familiar with/would you recommend?

I challenge each member to be up front in their capacity and and goals.