JV profit share 10%-50% of profit, depending on agreement***Taking it to one more level: I don’t flip any properties myself anymore, I’d rather play golf.

All just my opinionWith that said, fees do come into play based on costs per state.

I wouldn't let my kids play in the front yard as the street can get busy and you never know with all the crazies out there today."

There was a favorable property a month ago at courthouse auction that I was interested in, but couldn't make a play on it until this recent house closed.

But short term is to just get into the game and start playing.

As far as that goes I would feel comfortable playing with the rent a bit, you can raise it slightly every time and see how the market reacts.

But at the end of the day, the commission is the judge and jury so its best to play by their guidelines.We both know a ton of people wholesale without being licensed and never get in trouble. 

The reason for this actually goes into some of the other common factors.At the moment I own my primary residence and 4 rental properties with 10 total units, putting me dead center in mom and pop territory.They Are Self FundedMom and pop investors in general fund their real estate acquisitions using their own money.

There are a few items that will come into play. 

Could be as small as a dead battery in a smoke detector in the middle of the night (no guest wants to hear beeping while they are trying to sleep), guests can get rowdy and disturb neighbors, I have even had guests that insisted upon having someone meet them face to face when they arrive.