Hi Boyd- I work in California for Seven Gables Real Estate- a top brokerage in Orange County, CA.

I have also been involved in a few rehab/flip projects and numerous residential and commercial real estate transactions.My brokerage, based in Carlsbad, specializes in mutli-family properties.

I think with no prior experience No money no credit etc the amount of folks that actually make it in this business I would be surprised if its as high as 10%..Just like when I owned RE brokerages 50% washed out in 1 to 2 years.. 20% of agents brought in 80% of the revenue to the company. and you always had your one two or three that were knocking down 500k or more in commissions..

Through my broker agent, I placed a cash bid on a FNMA property.

You may be able to use the cash as collateral for a loan if you want to retain it while the bankruptcy falls off or put in a brokerage account and buy some decent dividend paying stocks and pull out cash using the available SMA in the account effectively creating you own loan while the dividends cushion the interest your paying. 

Better yet, talk to the old dude that owns the agency or brokerage. 

I am an investor myself and have my own brokerage company working with buyers like yourself.  

If she reported any Wholesale flyer to a broker, agent etc.

Hello,I am a residential real estate broker/agent interested in buying houses through my IRA.  

We have a brokerage (Town 2 Country Realty, Inc) firm, if that is useful.Tony