I fit does not mention that you need to get an agreement in writing clarifying the situation.As for the MLS and whether a FSBO works or Flat Fee it depends.Here in Georgia you have to spell out in the listing agreement what services you will provide for what fee.This came about when the vulture flat fee services became just an MLS dumper.The seller would contact the flat fee person for help once they landed a buyer with or without a broker.The flat fee broker wanted much more money for additional service or would not respond at all.This left the buyers broker with an implied client relationship with the seller helping them out on their side as well as their buyer client.So the field was leveled to where the flat fee company had to spell out exactly what they were doing for the fee.Sometimes if you have a really great property priced cheap it won't matter.Many times however if there is say 10 properties a buyer can show and 20 listings dealing with a FSBO or flat fee is not as desireable.In that case upping the co-op to 3,3.5,or 4 will motivate.My personal view on this is most buyers agents are new to the business.They have a big split with the broker.They are motivated by more money for less work and not the opposite.In our mls there are clues to know it is flat fee.

You want to give the "implied appearence" something is at issue so they call you (not that you want to buy their house).

Reality is its not all "rosy" anywhere in this industry, but for me the amount that I pay is more than with the benefits it provides, and apparently also for 700 other franchisees.Yes, by all means, go ahead and create a company on your own, I'm not saying you shouldn't, and I'm trying to imply that HomeVestors, or any other franchise for that matter, is appropriate for everyone.  

On the FAQ page it seems like they are implying they are buying loans from private lenders.  

As the subject implies I am just at the learning stage when it comes to commercial real estate investing.  

Make an offer that implies that you will be closing the deal yourself, even if the contract specifies your name and or “assigns”.  

There is also the doctrine of implied assumptions, the doctrine of laches, economic value of a mortgage, etc.

I didn't mean to imply that you can't do so here, and mine do cash flow fine.

He implies it is wrong for you to mail to people who don't want to sell but it is OK for the local Pizza joint to mail to someone who doesn't want Pizza!

Now, having said all that, I and others teaching this don't mean to imply that you can't or won't get deals early on.