Both procurement options have merit, but if he conducts purchases I'd require receipts if you have reimbursement in your contract.

The listing agreement will most likely state that whether you actually sell or not, if the LA procures a buyer with an 'acceptable/reasonable/full price' (?) 

As for whether you'd be responsible to take out a loan if an investor puts 20% down; unless you have another means of procuring the other 80% - yes.

On the flip side, if you move on too quickly and then end up purchasing the property that first broker COULD sue you for procuring cause depending on the laws in your market. 

I know the IRS has a certain time frame (I think 90 days) to procure the property.

My property manager takes the late fees.The reason I am not fuming is because it is $100 more per month than the last tenant paid and it's actually a cash cow.My PM did not push eviction at the beginning I think because the contract says there is no additional procurement fee (one month's rent) if the eviction is before they have been in there six months.Now that he will get a procurement fee, he is pushing eviction.  

I am willing to act as coordinator and ensure that high-calibre feasibility studies are carried out, good business plans are developed, and all viability assessments and licensing details are procured for each of the projects (and hopefully others in future).

Though stressful at times, it has proven very successful having someone pay most of our first mortgage for us.In the last year I have also procured my Property Management license and am working on building my business part time with an end goal of making property management and ultimately investment my full time gig.  

In addition to GC being able to procure and complete the remodeling work, there has to be a good match in terms of GC's understanding your vision for the project, the flow of the design, the quality of finishes you are going for.

When you’re starting out, there is often a cycle in your growth where your value add is in locating and procurement of new properties and not management or maintenance of your portfolio.