I rented a 1/1 flat from a local REI in a cute 8-unit multiplex and paid cash up front for a 6mo lease to secure a lower monthly rate.

You want to stay in the middle so you can take a cut of each payment.How can you pull this off with out responsibility?

Depending on what you want to do they can be very,very involved.Most developers are buying value add buildings already constructed and operating for less than what it cost to build new.They are still building in areas where demand is really high and not much product is available.With that you have to see who is building what and where and how many other applications for new buildings for the area are in the process.You have to time the market with your land purchase,build out,and lease up so that you are not finishing your product in a saturated market.You can have 55 and over regular communities, acute care only,or a mix etc.Income is good but management and regulation is more intensive.Depending on size you would want to bring on a senior housing developer with a track record of experience.

If, OTOH, you use a commercialized site that is just "reselling" and repackaging a report from the big three, they take a cut....usually about $10 or more per individual.

They know you will wholesale it for a cut, and they want that cut.

Does it acutally help?

The place needed mostly cosmetic work but was a cute house in a nice neighborhood with a great yard.

Granted they get a cut, but at the same time it gives me the safety that I am dealing with someone who knows everything necessary in the area I plan on buying real estate.

If there's a lot, then you can take a cut and still leave room for another investor.

no problem....as long as you can pay all mortgages off .....which in this case ....if you have a buyer for 209k......out of that 209 you use 130 to pay off the first......65 to pay off the second......that leaves you 14k to pocket.....and of course minus any closing cost..your responsible for...if you are assigning it to someone....then you can pocket the 14k....now you also have to take into consideration....what the home owner needs too......as in this case he owes a total of 195k......and if he needs 5k to move on.....you have to take a cut on your fee....therefore your new fee will be 9k.....so you get a contract to buy for 200k.....and assign it for 9k ......and you can pocket that.