This happens to busy full-time agents as well, and the usual arrangement is that you must compensate the other agent for their assistance.

Property Summary:List Price: $230,000Estimated Monthly Gross Rental Income*: $3,400Estimated Monthly Operating Expenses**: $1,500Net Cash Flow: $1,919I have a business partner who may be interested in either a private lending of full equity arrangement, and I want to be sure that the deal is beneficial to him.

@Brenda B. you should really have an attorney prepare a multi-member LLC Operating Agreement (OA) and run the idea(s) you have on financial arrangements by a qualified accounting professional.

If a licensed real estate broker, not a salesperson/agent, has “made or arranged” the loan, then the usury law DOES NOT apply.

Are there any verbal agreements or arrangements between the current Landlord and Tenant?

The reality though is most tenants make arrangements to leave when faced with a non-renewal or notice of default.

Just make sure it is a lease and not an arrangement that could be seen as a land contract. 

I find it beneficial to communicate my screening criteria to potential clients before they arrange a viewing or submit an application.It is useful to directly verify information with employers and landlords.Make sure to follow both your state regulations and the Fair Housing Act.

Otherwise, you can make an arrangement to rent the property to them.5.

My understanding is that I'd need to have the 20% in cash for closing but could arrange for the seller to put the 20% I need for down payment in an escrow account until after the closing with the Hard money lender.