Standard 10% fee but when any fees are applied to the tenants for late rents or what not, they split the fees with you 50/50.

It seems to me in expediting the purchase, also you'd give yourself an advantage over other offers that might need a few days for appraisals and what not.

As a new investor, I'm looking for a little bit of clarity on how to decipher on what's important and what not to focus on when dealing with these kinds of properties.  

@Frank Yang & @Ron Flatt the rules that govern loans and the "loan limits" are a combination of the Dodd-Frank, CFPB, Consumer Protection Act, and others (SEC is the Securities Exchange...that's for trading of stocks and what-not).  

What to make sure to do, what not to do, and if possible, any way to keep them from destroying the house before they finally leave?

Thats an opinion of 1 person and god knows based on what?not

I personally prefer online for straight-up education, but find that the things other brokers say in the in-person classes are great fodder for what to do and as often as not, what *not* to do.Eventually though, you'll have to take the plunge. :0)

You can also offer a longer close of 14 days or what not.

He has crews that work directly for him and whatnot.

Also I want to be able to see the process firsthand so that I have better idea of what to do and what not to do for subsequent flips.