The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.

Not sure if we can mention names specifically here in the forums so you'll want to search Google for rent collection for landlords or similar.Highly recommend having security deposit and rent hit a separate bank account from your personal. 

These sellers are not motivated by distress, but if a seller does engage and declines to pay the commission, will the representation agreement suffice to secure compensation, or will we still need to execute the compensation disclosures?

Ask him what makes him feel more secure in the deal?

This includes understanding your budget, securing financing if needed, and determining what you can comfortably afford.Research is key.

You will then need to ensure you can program ,manage, secure and distribute the conditions of the contracts and the reimbursement of the coin.

My strategy focused on leveraging the future growth in the area to secure a long-term investment at an advantageous price.

Hard Money and Private Money How did you add value to the deal?

@Mike H.I would find private money to buy this, or as the seller to hold a note, with no payments for 3-6 months, for you to lease it up.

You would need to file a proof of claim for the monies owed and hope you secured it by a deed of trust.