In an ideal situation, this kind of deal can benefit all the parties involved, especially if it's a highly desirable property; The seller gets some privacy, the agent makes a few calls, and the buyer has less competition.

Depending on investment goals, research, and involvement, both approaches can be beneficial in real estate investing.Good luck!

To be fair, in addition to buying all those houses over the last 3 years I also dealt with an eviction, $47.4K in capital expenses, insurance claims, building teams in my local markets, and all the other nonsense involved in this lovely industry.Anyway, I finally got around to putting together a complete general ledger and had the horrible realization that over the last two years (bank and credit card record limitation make it harder to go back farther)…….. between 2022 and 2023 I have been $17.5K cash flow negative on $171K expected rent !!!!!

Instead I would find an experienced flipper, offer to partner on a deal, maybe bring the deal to him if you can find one, and agree to take a reduced amount of the commission in order to be involved and learn about the process

Do I need to get a lawyer involved at this point?

Because of the money involved with lost rents, we are now contemplating legal action along with our homeowner client. 

Can anyone briefly describe the steps involved in building from the ground up? 

When I first started, I remember how valuable it was to get involved in projects, learn from experienced investors, and build a network within the local community.In the College Station area, there are plenty of opportunities to get your hands dirty and really learn the business from the ground up.

I can tell you that their involvement is on the financing side only, as they work with local installer partners on the back end with the installer managing the customer relationship so Mosaic wouldn’t typically interact with the customer directly which might explain the gap in the line of communication.

It's a nightmare. unfortunately this happens a lot to people because they do not understand the risk involved.