Technically by Colorado law where I work, you cannot broker a deal or receive compensation for facilitating a real estate transaction without be licensed (finders fee).

I have my license hung at a REMAX and am technically active as a licensed assistant to a family friend.

(Eventually I would want to Invest in all types of real estate) I also have very little work background having worked at a Jack in the Box for a year and a golf course for a year.

Technically off market however a broker brought it to us because of our track record with HUD debt assumption acquisitions.  

I am looking to contact them to let them know about the home and also giving them an offer.I have never done this before, so how would I buy a property from someone who doesn't technically own it yet?

Technically that is true, but a good agent sets alerts for short sales and REOs that come back on the market (when they are most ripe) after a failed deal.3.

The closing attorney is technically or typically supposed to represent the buyer, so the waters can begin to turn a bit gray if worst case things go south and the same attorney represented both the lender and the borrower/buyer.

A little background, i am 21 years old, i have 23k saved so far,I have my real estate license here in California but have not worked for any brokerage.

See BP Podcast 229 for more information.If I were in your shoes, and depending upon how good the friendship was, I would ask her for a portion of the profits she's made thus far, since you gave her a "friend's rate" on the rental and she's technically violating the lease, it's only fair.However, since you think she's not going to be honest about what profit she's made, I would assume you really aren't very good friends, just very old acquaintances.Regardless, I would terminate her lease at your earliest opportunity and begin short term renting it yourself.

Hi guys,A little background about ourselves.