If that doesn't work out I guess I'll have to do it the old fashioned way and find some tenants.I'm in the Colorado Springs area if anyone wants to chat about the local market or point me in the right direction, I would appreciate the help.

I would however like to help others through mentoring (workout details later), ideas and software.

My only problem if it doesn't work out, I don't want to look back in 4-6 years and have wished I would have went to school.

The security deposit which comes to me at closing could be part of that which makes it easier for the tenant to become a buyer.Here's the way the numbers work out, averaged over the 3 houses.My cost: $55KMy share of closing costs: 00Tenant's cost: 70KTenant's loan: 68K @ 8.5%Tenant's P&I: 523/month which is the payment on the $53K that I actually have in the deal if it were a 11.8% loan.

For every deal that they bring you, they get $500 or whatever you work out w/ your BD.What are you using this BD for?

If she is financing it in her name, most of the risk is on her such as if the project does not work out and its not profitable, she is only responsible for the loan.

I will certainly save some money that way, but I think pricing the deal without considering the cost of hiring all the work out is a mistake.

i'm not saying don't work out.

So how do you work out the cash back?

I know nothing about this so far which is why I am asking if anyone can help give me information for example if large brokerages work out deals with Real Estate brokers to do loans and so on ?