I've had other wholesalers tell me it would suit me better to work on building up my buyers list, and if that list/contacts didn't procure a buyer, to partner with other wholesalers who have a large buyers list and give them a cut out of the deal.

If you're selling, you would be paying the commission to the listing agent and the agent that procures a buyer for your property (this amount may vary by state, but is usually 4-7% of the sale price of the home, ~3% to listing broker and ~3% to buyer's broker.)

Florida Law won't allow us to pay a non agent for procuring a tenant.

If a property manager/Realtor procures a tenant then brings the landlord a contract for purchase from that tenant, then a commission would be expected.

M Ness with $20k you could certainly outsource your marketing efforts to procure a deal.

(it's called procuring cause)

For example a flipper finds a deal on tile that won't be there in two weeks and wants to go ahead and procure them, is it a problem with the IRS if the date on the receipt is prior to closing?

@Robert Burns If you are selling on a delayed S &P, the terms of the agreement in case of default of not closing due to not procuring financing, isnt that set at local custom?

to clarify, does the government have an inventory of properties procured via means of escheat that is available for ppl to purchase???

The seller will still owe a commission if they were the procuring cause of the sale, so use them and stay out of trouble.Not his residence, then the SAFE Act and Dodd-Frank most likely apply, you need to see a mortgage originator.Your best bet is to lease it, put it under contract with a finance contingency with the agent (you need to have an agent, I suggest you be represented and the listing agent doesn't represent you) and go conventional with your friend if you need to.