To do this, we could (and would) lie and edit the contract without lawyers' supervision or permission.

I had gone to an apartment investing lab with someone named Darrin 'Mike' Ballard in 2010 when I started to become interested in multi-family.

I've recently completed Alexis McGee's foreclosure lab there in Sacramento and I'd like to get into the probate game here in the Phoenix, Az. area.

Both are supervised by in office attorney's.

I would assume once you have worked along side a good GC that you could eventually let him/her handle things with less supervision but until then???

If the bank has it for $1.5 million, I don't see how they could unload it for just $400K, meth lab or not.Oh, and you should probably get some other opinions on how much it will cost to fix it.

One may even need more supervision and care than you can offer.Do the appropriate notices for your state and never waiver or look back.Good news: your inherited tenants will be your worst. 

Get offers for repair work in writing, dont pay up front, supervise the work being done to spot attempts at cutting corners before they happen, and use referrals! 

For private money, if they fund the deal, and you do all the work in supervising the rehab, marketing for sale, etc, upon resale you split the deal 50 - 50, or some other way.$1 Consideration can be to receive half the equity in the deal from a JV Partner (usually a busy business owner that cant be bothered with buying, rehabbing, selling etc.)I believe you need win win deals to get a good reputation with Sellers and PLers in your local area.All the best,Brian

My question is whether I then have to be under the supervision of a broker in order to subscribe to the MLS?