I think you have to register and if you get approved, you get an allocation of how many homes you buy in the exclusive period per year.

I am hoping to have a property under contract in the coming weeks out-of-state and just trying to plan for how I need to allocate my current cash reserves in a way that will allow me to purchase the next property next quarter but still be covered for the unexpected. 

For instance, when I change the Repairs & Capex to 5% ($313/mo combined) from 8% per Thomas' suggestion, the property now cash flows $114/door, good for a 12.08% cash on cash return in year 1.I'm starting to think the best way for me to estimate Capex is to allocate a higher amount the first year, and reduce that amount as time goes on. 

I'm hoping he listens to me as well and gets most of his stuff out of items tied to the stock market now before the election - I see a correction ahead and it's probably not good for him to have his money allocated in a risky way at this point in their lives.If anyone has a suggestion on an IRA custodian in the fine state of KS or somewhere close - Oklahoma City, Wichita or in the Kansas City area it would be greatly appreciated.  

However, there would be conflict of interest considerations with you being a principal in the transactionIf we are speaking about private financing, yes, by bypassing the broker and going directly to the money source you may be able to save all, or some of the brokerage fee.If you are talking about starting a mortgage brokerage, or mortgage banker operation as full service for transactions of which you are not the principal, then it becomes a general question of what business do you want to be in, where do you want to allocate your time, what skill set and experience do you have, how much capital do you have and are willing to invest, and how much capital can you raise.

This shift in equity cashflow allocations effectively provides the Winning Bidder with leverage that is comparable to the ratio provided (e.g. 2:1).

I have recently also been working part time for a vacant land wholesaler, which I love and am working towards being able to allocate more time into this area.

My original goal was to allocate some savings towards rental property in order to generate passive income and (hopefully) achieve better returns than a broad stock market fund. 

You seem to be allocating 0.22% for closing costs on the sale.

You would have to manually read both sub-meters, however, to determine each units allocation.