I expect to be paid no later than Monday at 10pm Unless arrangements have been made in writing, by text, eviction process would begin that Wednesday if balance had not been paid in full.  

All told, the GP is making $337,500 just to arrange the deal (not including their reimbursement of any out of pocket costs they have already covered: due diligence costs, broker costs if they are paying anyone to bring them deals, legal setup costs, etc).  

It was a very sad reality to me but I left that arrangement with him owing me a lot of money.

Know a landlord that had tenant pay them cash, but arranged for friend to mug him before he got to his car.

The general partner is not allowed to take excessive fees (like most syndications) and the profit sharing arrangement aligns general partner and limited partner goals.

I am also making calls and looking for opportunities where a seller might consider seller financing or a subject-to arrangement if the bank owns the property.

Our goal is to provide tenants with some suggestions as to how they can arrange for new ways to locate their things (storage facility, city yard sales, arrange for hauling service, etc.)

The way we look at it however is this sort of situation would be OK - but its a one time referral fee - any sort of arrangement with a long-term referral fee / borrower protection is reserved for true professional mortgage brokers - who like @Chris Seveney mentioned, would be doing more legwork on the deal vs. a simple and clean referral handoffvia CFPB on referral fees for business-purpose hard money loans:§ 1024.5 Coverage of RESPA.THIS VERSION IS THE CURRENT REGULATIONView all versions of this regulationSearch this regulationRegulation X(a) Applicability.

In this arrangement, instead of obtaining a traditional mortgage from a bank, you negotiate directly with the seller to finance the purchase of their property.

It is a little tricky and risky, but possible, you would need to make arrangements before the auction with the auctioneer and permission of the trustee to have  immediate possession of the property.