.- Better- Gambler- Speculator- Trader- InvestorThe gist that I got was the difference between investors and speculators are hold period and leverage. 

If you don't want to use a broker, then I'd say hire an atty for the contract part.I understand the reluctance to use brokers since in OR I'm seeing agents wanting 6%-7% which is think is getting a bit greedy.

I have seen day traders make $50-$100 or even more in an hour. 

Not much difference of overall business model, just probably did not get greedy like MorrisInvest did and just pushed them off to a 3rd party like OP they did not have control over.

Interestingly enough I talked to one experienced trader that thought the rising interest rates would start putting pressure on the "big boys" using fed money to stop bidding so aggressively and we had hopefully reached the top of the pricing trend for NPN pools (a good thing for us small to mid size investors using higher cost private money).

Sellers often get greedy offering seller financing, they need to be educated from what might seem to be obvious for them in that structuring their deal for what the place is worth with a reasonable interest rate is a bigger win for them in the long run.

The properties are doing great, and vacancies are really low, but people are starting to get greedy and have really increased their asking prices - if you can find any available deals.  

. :)  Because of you being a CA resident, no matter where you create an LLC, Wyoming included, your greedy state will consider your LLC as doing business in CA, and you will owe $800/yr for the, ahem, privilege.

Flat fee is the way to go, I wouldn't pay a skip trader a percentage of the deal.  

If our site helps WS sell the property and helps the REI buy it then would it be greedy to charge the WS the 3% on the front end and 5-7% to the investor on the back end for all transactions?