I am excited to be apart of such a great community and hope to continually learn from all of the BP industry professionals.As of now, I am in the learning/networking stage of all things real estate and hope to meet a few mentors who can guide me with real world experiences.

I am in the beginning stages of setting up my real estate business and have filed for an FBN to get started.

But usually on a referral to another agent type arrangement.

Brian in addition to what @Rick S. mentioned, I would also have the seller have the tenants sign a statement - which you will provide - that they understand they must move out within 30 days after closing (which will actually be longer for them considering it seems like your just in the beginning stages of purchasing) and then assign a dollar amount for each day the tenants much pay for each day they go over 30 days - think incrementally, to give them an incentive to move out.

Remember that everything you'd normally do as an operator has to be thought of at this stage.

Just retired from policing st age 30 thanks to a small buy/hold portfolio I built in 7 years.

You may want to charge for your time at some point if someone else fixes it since you need to arrange for a handyman etc.

Hi everyone,I am a new investor and am currently in the stage of educating myself as much as possible through reading real estate books, listening to the bigger pockets podcast, and hanging out on the Bigger Pockets site. 

I'm in the middle of transitioning out of lending, but intend to invest in multifamily part time during the next stage in my career.

What is a fair way to split the profits (if there are any)It is pretty much a contractor arrangement currently.