@Junior PandoNice work.  

Generally those that are buying strip centers or larger multifamily putting down millions at a time and getting a loan want a very experienced broker helping them to buy.If you do not have vast experience in the field usually a newer agent goes and works as a junior agent at a commercial firm that specializes in a specific asset class like retail, multifamily, office, industrial,etc.To do it at a high level is very specialized training and not something to dabble in.

If it's junior debt, you have a lot more at risk.  

So if mortgage with first lien is 55k and you buy for 110k with nothing down then the second note that is junior to the first is created and you own the property subject to the first note.You could also try to buy a partnership interest in the LLC if it is set up that way or try a joint venture arrangement.Many positives and negatives with each strategy.

So If I took 20 hours training someone and they do not complete the steps I am out 20,000 worth of production time for myself.I have to know if they do not follow the steps they stand to lose 25,000.There are some firms that will allow you to work as a junior agent full time.

I hope we arnt going to have that junior high explanation of how marginal tax rates work

Do you have a short sale approval letter from the senior lender and junior lien holders approving the sale in writing if you close by a certain date.

You aren't going to get junior lien information, balance information, other lien information (Even though they may know it) because you didn't pay for that information that the lender paid the trustee to obtain and, you aren't the trustee's client.They are paper pushers.

IE lien search.. do they have a bunch of junior liens .. if so pre foreclosure will not work.. etcetc

That being the case, one thing you need to look at is which liens are junior to yours and which are senior.