You need to get an attorney involved.

I'm sorry to throw wet towel on this prospect but as I've mentioned before, some of the best deals turn out to be deals that you never got involved in.

He wants no involvement in acquiring, managing, rehabbing, etc.; only a return on the investment.

& thanks, maybe next year I'll look into what's involved in a RE license.

I know that with wholesaling a double closing can be done because cash is typically used but how about when banks are involved.

Don't get overwhelmed by the number of groups here . . . jump in and get involved in those conversations that interest you and ask anything and everything you want to know about.

What I have a problem with is people representing something they are not in the deal and misleading all the parties involved.

So, you shouldn't be fighting with an agent at all, only their broker (and you probably shouldn't be fighting with the broker either).Second, you only pay a commission if the deal is closed (there are some edge cases where you'd technically owe a commission on a deal that's not consummated, but those would involve you not living up to an executed agreement, which you never had with the buyer the first time around).Third, if an agent/broker has an issue with a buyer breaching an agency relationship, that is between the broker and the buyer, not the seller.

Share the wealth and work involved.

That appears to be paying cash, so there is no debt service involved here.