Their business model is interesting and has a couple different exits strategies when getting a property under contract.

@Dustin Horner you should be contracting maintenance work and creating a preferred list of vendors as @Phillip Austin has recommended.The first person you hire to help you should be to handle what you LEAST like to do yourself or has the greatest time savings for you!

The commitment letter also stated there will be contracts and other documents to sign but that never happened.- When I called the brokerage admin to let them know I had quit the team and to change my status to solo agent, they said their system shows me as a solo agent and that the TL never submitted paperwork to add me as being part of their team.

and someone who has your best interests at heart.

If you can’t “always close” on every home you put under contract, aim for 90-95%.

Maybe your seller just wanted to put it under contract first.

I paid a flat fee of $400 to get a sales contract drawn up. 

Originally posted by @Ryan Crowley:Hey everyone, I accomplished my goal of getting my first rental property under contract by the end of 2017 and I close on this property soon.

I'm under contract for a nice double and was hoping to use part of the money for my portion of the down payment.

You know how to manage a property.To get started, your first steps should be getting licensed then meeting with a local RE attorney so they can help you get set up with your contracts, management and lease agreements, etc.