These things have a tendency to implode and change your family and friend relationships. 

Also, if you go the management route, you can start building a relationship in case you ever need a manager or repair recommendations.

I invest in these 3 states, and always have to juggle between different lenders and brokers because not all are licensed everywhere, so I would like to establish a long term relationship with someone who can broker in all 3 states.Ideally someone who also has a relationship with United Wholesale Mortgage, as they have some potentially interesting mortgage products for me.Thank you!

If you wish to Wholesale using transactional funding (rather than Flip - which usually means rehabbing or value-adding before re-selling), then you will need to get into relationship with a Lender who is prepared to fully fund the amount you can't come up with yourself. 

I developed good relationships with both of them and I can call them any time for any complicated transactions I am involved in or any questions that I may have.

Some agents buy into the idea quickly and I've also been able to create some relationships with photographers to add narrations as an optional add-on to their service, which is also great.

.______________________________________________ The upfront agreementIn order for the upfront agreement to work, you need to frame it as a very fair, 2 way business agreement.Here is a possible exchange…After the walk through, you’re sitting at the kitchen table, looking at both mom and dad the sellers.I fold my hands and I looked very solemn, I try to give them is kind of an expression is possible, as sincere as possible, I have my legal pad, a pen, and a blank letter of intent in front of me.I also have a folder of comps and rental information on the subject property.So here’s the upfront agreement…Investor: “So Bob and Susan thanks for the walk through, I just wanted to talk about how I’d like to see our business relationship work.My job is to look at the property, look at all the financial information, then make a decision, on the spot.To keep coming back over and over thinking about possible deals is not what I do.What I do isif the location is right,the condition of the property is right,the layout of the property is right,the existing financing payments are right, andthe attitude of the sellers are right,then my job is to put together the deal structure that works for me,and I basically give the project the green light.Not a yellow light or a red light, but green light,the analogy here is that we go forward and get the paperwork done tonight.To keep coming back is not a good business plan, takes up too much time and nothing gets done.

I don't know what your exit strategy is, but if your goal is to flip - give the agent the full commission on the purchase (you don't pay it after all) but leverage the relationship and that commission for a discounted listing commission!

You may even want to go over and introduce yourself, there's always a business relationship to be had...just my thoughts.

The key is to establish a good relationship and communicate what you need from them.