We remained persistent on the seller and submitted multiple offers during this time of his rejection.

But I want to make sure that I don't have to be a real estate broker in order to do that.Here are the services that I'm planning to provide as part of my screening, not sure which ones or any require me to be a broker.Landlord submits information about applicant (rental application, release authorization)I run the credit report on applicant and evictions report.

I always complain about the software we use, as recently as today, so I'll give it a whack. 

I went ahead and submitted an offer with several contingencies in place to back out if I find anything crazy of course.  

If you own the property contact your utility companies and ask about their landlord policies, usually what's done is the property's utilities are in the name of the landlord for general purposes, like shut off notices, or emergencies.They would provide you with forms so you fill out and submit to them for tenant, usually on line forms. they put the name of utilities in name of tenant. tenant is responsible for utility costs.

Now all I need to do is submit an offer and actually lock the property down.

I'm not a big fan of communal living personally, but to each their own.Regardless, get someone you trust and with experience to check over your numbers before you submit the offer and be sure to have good "subject to" clauses in your offer in case they accept it and you need to back out later.

Learn all the software inside and out, learn your county's tax system/site, learn to run the numbers backwards and forwards, and so forth.

I can't speak to the percentages of my client's business but I assume the ROI is pretty good because they keep submitting orders.

Would I be required to submit and retain a Form 8606 for the non-deductible $5,500?