By law public adjusters can only represent property owners while company adjusters can only represent the insurance company.We can recover settlements for damage, theft or all kinds of other losses sustained at the bank owned property(s) you are buying.In the past, (late 1990s) we represented a couple of lenders directly and did quite well recovering more than 450K in a two year period on about 15 of their properties.

Frank if you have any questions about commercial i'm here to help.Don't talk to residential agents cause honestly (i use to be one) they don't know much about much.In CA the best bet for financing a commercial deal is seller carrying part or all of the note.

(f) The Commission has identified the following tasks that unlicensed support personnel under the direct supervision of a licensee affiliated with a broker cannot perform:1. making cold calls by telephone or in person or otherwise contacting the public for the purpose of securing prospects for listings, leasing, sales, exchanges, or property management;2. hosting open houses, kiosks, home show booths, or fairs;3. preparing promotional materials or advertisements without the review and approval of licensee and supervising broker;4. showing property;5. answering any questions on title, financing, or closings (other than the time and place);6. answering any questions regarding a listing except for information on price and amenities expressly authorized in writing by the licensee;7. discussing or explaining a contract, listing, lease, agreement, or other real estate document with anyone outside the firm;8. negotiating or agreeing to any commission, commission split, management fee, or referral fee on behalf of a licensee;9. discussing the attributes or amenities of a property, under any circumstances, with a prospective purchaser or lessee;10. discussing with the owner of real property, the terms and conditions of the real property offered for sale or lease;11. collecting or holding deposit monies, rent, other monies or anything of value received from the owner of real property or from a prospective purchaser or lessee;12. providing owners of real property or prospective purchasers or lessees with any advice, recommendations or suggestions as to the sale, purchase, exchange, or leasing of real property that is listed, to be listed, or currently available for sale or lease; or13. holding himself or herself out in any manner, orally or in writing, as being licensed or affiliated with a particular firm or real estate broker as a licensee.See also O.C.G.A.

I would finance the materials and possibly some or all of the labor (at a competitive rate).The decision what to do with the property would be mine (i.e. hold, flip, etc.).What would be a fair finders fee to give the contractor for identifying the opportunity?

Depending on what price bracket, your renter could pay most or all of your mortgage payment.

Or all pretty "passive?"

That means that they know that the possibility exists that they will lose some or all of their money; it goes with the territory.

Sounds like it was under false pretenses because you had an oral agreement, but it was a release nonetheless.

He is being talked to now.Does anyone have any tips on how to discourage any or all of these practices?

They may do some or all of what you ask them to do, which will make your turnover easier.As for advertising the unit for later availability, it would depend on how you are set up to handle inquiries.