Legally I can't pay him out of my commission in Fl but he is willing to give me a portion of the profit when a home is bought and sold using his money.  

I've been thinking about the pros and cons of longer vs shorter debt, and you've sold me on longer.

The bank/lender will ask for all the financials on the property, check the income verse expenses, and many different aspects regarding the building a the project income and the historical treads in the area of the deal.You will not have to provide pay stubs, credit checks, employment checks, debt ratios, or anything the banks do while looking at a SFR deal.

The lease agreement you linked to is out of date and I'm not sure if the current agreement covers your questions but there are legal parameters regarding penalties you can impose on a tenant.    

Please keep in mind that it is not legal to simply stamp your design without the architect or engineer doing the research into the design and code requirements (not to say some shady people dont do this, but its still illegal)My guess is the costs would be something in the $1500-2500 range.Also keep in mind that not all home design software will be useful to the architects and engineers, same goes for the plan review department.

But how can you get paid legally if you have investor buying a property if they use conventional loan.

But how can you get paid legally if you have investor buying a property if they use conventional loan.

I don't know what your current debt situation is or how you feel about leverage, but this is just an example of how much further your money can go in this market.I am not as familiar with the Pratville/Montgomery market, of course, but AL in general has much lower property prices than the rest of the country.

However, if I were to get my sales associate license, would that protect me against any potential legal issues?

12% is something like 6% physical and 6% loss-to-lease, bad debt, etc.