Great way to get into the mindset of a problem solver.

Be a problem solver, welcome the BS and always be looking for ways to hire out the things that don't give you energy 

MY GOAL: I am interested in having an agreement drawn up wherein I rent a portion of land from a private organization, put up a temporary glamping structure then sublet it. Below is the response I received from the ma...

I am an organized individual, problem solver, computer savvy and able to learn different complex software.I am looking to start my own property management company in Ohio, as I enjoy the residual income that comes with it. 

For sale by owners you get a be cautious with with lease options as they want cash, so what I usually do is give them marketing ideas to make a friend and then do a nonexclusive lease with option and put a sign on their yard with my phone number, so they can get a straight rental or I can get a rent to own tenant buyer, the term used for this is "nonexclusive".Some wholesalers are getting leads that they can't do anything with, these are the "we buy houses wholesalers", so I try to get in touch with them and meet them in person and try to do some kind of win-win marketing agreement where if I find a property that looks like a good wholesaling deal I'll do some kind joint venture with them and use their paperwork to sign the property of with the marketing agreement between them and myself; conversely if they find a problem that's pretty house with low equity in a good neighborhood will send the lead and I'll do a lease option assignment and send them a finders fee.Working with agents I find is HARD unless you are licensed yourself, if you are licensed, differentiate yourself as a problem solver, and go to the smaller agencies and asked them if they have any listings that are about to expire and you can go in and get an option fee from the tenant buyer and let the agent perhaps split the commission down the road once a tenant buyer gets financed.I was lucky to have a coach was 25 years old and I'm 57 now, and I still use the training I got when I was young, I worked for somebody for two and half years and was lucky that I didn't have to do any marketing, all I had to do was to get in my car and go talk to the sellers and put them through the paces of the presentation based on their situation, then I would have them sign a "letter of intent to lease or purchase", and then the sellers would actually bring their deeds and their sale and purchase agreement to the office, and we would close them there in the office.The only reason why I quit that job was I was only making $500 a week and my bosses were making tens of thousands every month.

I agree with @Darrin Carey that you must be a problem-solver.

I am completely up front and honest with people when negotiating a deal for myself, or talking with people about their properties...I tell them directly that I am a real estate professional...I am a real estate broker, also an appraiser, investor, landlord, and problem solver...I don't want there to be an confusion on this matter...if and when I get to contracts then complete and full disclosure is warranted...at the end of the day its all about the math, the deal works or it doesn't...just my opinion !

You should be a problem solver for seller having a few tools.So what I'm going to do is to discuss what I would do if I were training my brother or my sister to set up a "terms RE business" so that they can make some money quickly, by "looking for problems".Step one is Get licensed get licensed get licensed.Florida, Ohio, Maryland, DC, New York, Massachusetts, California, etc., there's more, but the states have pretty strict rules about flipping a lease option agreement.

I definitely learned a lot through this excursion but I would love to find some more homes with problems like this because I look at myself as a problem solver and am willing to put in the time and effort to one day extract a $500k equity deal too!

However I do get the people that don't want to get them since there are costs associated with it (and if you aren't doing "agent stuff" as a regular part of your business they might be hard to justify, especially if you are starting out and money is tight), I can also see the side of those that think it is a detriment since it isn't uncommon for a seller to be winning to work with an investor after having a bad experience with on of those numerous crappy agents in the past, as in they specifically do not want to work have a Realtor sell their house.I think that last one, along with the stuff about taking on extra liability risk, is very overblown but it isn't just ridiculous blathering either.The way to go is to have an understanding of many different strategies to be an actual problem solver and to also have the resources to perform on a contract if you get into one.