Why ask: Learning how your mentor handled failures or setbacks will help you gain perspective on the full spectrum of risks and challenges in the field.

Any transactions you will do as a realtor you will be doing them on BEHALF of your broker not you as the realtor. 

You would then have two loans, one on your home and one on the refi to access the equity on the investment home.Why not just use the refi cash out from your home loan for future deals? 

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

@Cameron Moore I knew I could count on you for a legit answer.

@Drew Murtaugh it is going to be very hard for you to do this type of deal on your first go around.

Many if not most lenders will also want a Certificate of Standing that you get when you file your LLC on sunbiz.

However, it sounds like you are confused about the different types of auctions that exist on Auction.com. 

Those returns will give you some insight into the integrity of the Syndicator, as well as raise red flags of a possible Ponzi scheme taking place with your money.Let’s look at the balance sheet again on the IRS Form 1065.

Set aside a big pile of cash or rely on a line of credit you won't be using.The oversimplified insurance concept is to pay a small premium to cover a large loss.