Interesting and to me a bit dodgy-why not proper sales where they represent the seller and try to get them the most money they can?

@David Morton you can contact myself or @Scott Smith we are both AP Attorney's that specialize in AP for REIs and represent clients nationwide.

If you don't have a buyer's agent representing you, the listing agent gets to keep the full commission, so there is no savings for you not being represented.What else is wrong with the property? 

As a general rule, it seems that places that were vacation destinations before OTAs are better represented on VRBO, while mid- and large-cities tend to have more options on AirBnb.

""Inspect the Assets not less than once every 90 days either in person or via a competent, professional representative.""

I tell them, "this is how it works if you are a builder, we aren't agents representing homeowner clients, so if you want to take my place on this contract and have the right to purchase, the check needs to be made to my LLC. 

I'm a licensed Realtor and will representing myself as a listing agent for a flip I've been working on. 

But now I need to decide to represent myself or to bring representation over a $500 deposit that they’re trying to turn into a $1250 payday.

Assuming you can legally represent your neighbor, you will need to have some sort of written agreement. 

I asked for a T-12 for the properties and was told: "I do not have a profit & loss report for these properties as these properties represent a small chunk from a larger portfolio.