@Marcus Auerbach your insight for Capex and repair expenses were helpful as it really helps me to have the determining factors clearly defined + understanding how those expenses are so closely tied to property condition.

Ok, first all, define broker: Is this your agent representing you to purchase the property or the lender?

You don't always get to choose.If they come back  at a later time and define him as an employee and you have not withheld taxes on him, they will go after you for it.Good Luck!

You might find it useful to define your market of interest, and decide to use a real estate associate (or two, or three) or more advanced techniques to fit your overall plan.Please feel free to reach out to me should you like more assistance.I wish you well!

I will definately check out Lance Edwards book also.

I have been looking for several months and had one of those moments yesterday when looking at a multi family yesterday that helped to define what kind of investor I want to be, or more specifically the kind I don’t want to be.  

I would start by defining your goals.

As a friendly note, since the FBI monitors sites like this one, FHA defines a transaction to be fraudulent when the buyer may have had different intentions that those stated on the 1003, when first financing the property.

Think about working with a list broker to define a unique list.

So to see if we can put this issue to bed, I'm requesting a formal opinion from the Board of Registration as to whether wholesaling - in the absence of a double-close - is a license required activity.I don't know how long it will take them to render an opinion, but whatever their reply, I'll post it on BP.I'm curious to see what their response is, since the board is not a court of law but an executive agency of defined authority.