That sounds like an exciting venture!

If you are getting paid based as a percentage of the sale / purchase price, that sounds an awful lot like a commission to me.However, I am not your attorney, so if you want a definitive answer to your question, I would recommend you hire an experience Texas real estate attorney OR get a real estate license (and then you don't have to worry about the issue).

Montgomery sounds like it’s treating you well.You really nailed the numbers on this one.

That sounds like it's going to be such a fun project.

Sounds like someone way overpaid at the HOA foreclosure auction, hence the surplus funds. 

@Rene Hosman Sounds good.

Sounds like you definitely need to work with an attorney."

Sounds like a good pivot.  

but it sounds like your mind is made up on this mentor.. flipping right now is a pretty tough gig for a beginner depending on market. very low inventory then sky high rates for your buyers. so use caution be careful also make sure you have a GREAT RE Broker who knows the values and what you should and shouldn't do in the rehab to maximize your returns. these things are very market specific U simply need to make sure your matching what is expected in the market you choose.. 

Hey Shaun, That sounds like a good work around.