Well if he is chairman of the board and he has to rent , I wouldnt put too much faith in that 

In my opinion, Maverick and Hipster, in good faith, could have given me back the referral fees they made on my transaction with ABC because (in my opinion), it was a horrible referral.

- currently on podcast episode 34, but the question about what to do as a 23 year old recent college grad from the fire round on episode 26 with Chris Clothier practically spoke to me- studying for my Illinois broker's license and hoping to have that next month- holding zero real estate experience besides some administrative/marketing assistance I performed in the tiny college market of Tuscaloosa, AL during my last year at UA; and- working hourly, living with family, and building my credit to eventually take the leap of faith into a real estate career.My goals:- get licensed/educated- network- pay my dues to the real estate gods by finding an agent or investor to work for in the afternoons and on the weekends- sell real estate and flip commissions into passive $- retire at 50 with bigger pockets, a beach parcel, and a good bookA few topics I am interested in learning about:- macro analysis of local markets- how to add value to the acquisition and selling phases of various real estate investing niches- how to win with the purchase-estimating rehab costs- screening tenants and managing managersFavorite (audio)books:- Meditations, by Marcus AureliusNarrated by Duncan Steen- The Old Man and the Sea, by Ernest HemingwayNarrated by Donald Sutherland- Hitchhikers Guide to the Galaxy, by Douglas AdamsI am posting this right before work so I might not respond until 11 or 3

That's $4,375 a year of income on the $250,000 of principal that's guaranteed by the full faith and credit of the government (FDIC or NCUA insured).

Which also means you're not dealing in good faith.

Doing repeated transactions without ever closing in your name becomes a business operation, you're not dealing in good faith, you don't have that intent and ability along with the right to assign a contract as I mentioned above, you're "dealing" relying on another parties intent and ability to perform.

Also, if you go with a property that's been seasoned longer, you can probably have more faith in the numbers than a "turnkey" where they slammed a tenant in there just to make it look like it's performing.

However, if the tenant decides to leave, the Landlord has an obligation to make a "good faith effort" to find a new tenant.

Dodge County, 21 Wis.2d 647, 124 N.W.2d 631 (1963), we ... grounded the requirement of good faith negotiation in a primary purpose of statutory condemnation: to provide just compensation to the property owner.

I also wouldn't put all my faith and trust in a buyers agent.