However, establish some perimeters, as you would not want them to make big changes without your knowledge and without your permission.As with all tenants, periodic property inspection and maintenance is key.

That will give you a lot to chew on related to this type of investing

I will make an example to see if this fits your scenario- The realtor sets an automatic daily search in the MLS with your parameters and you get a daily email with a link to properties - When you find a property that looks good to wholesale you call the agent and provide him the deposit check, proof of funds and the conditions of your offer, he makes the offer in your name (for example on 100,000$)- The listing agent presents the offer to the owner- If the owner accepts your offer, you calculate the price for reselling the contract (let's say 110,000$) and you start looking for investor to assign your contract- You find an investor and agree a price (let's say 105,000$) and to close in the established day according to the contract you have- If the investor is willing to use your agent, then he will represent the buying side and the listing agent will split the commission with your agent (typically 3% for the listing brokerage and 3% for your agent's brokerage), which is transparent to you because the seller is the one who pays that to the listing agent.- Then you will pay part of your assignment fee to the realtor, according with your agreement (30% of 5,000$ = 1,500$ if you found the investor or 70% of 5,000 = 3,500$ if the realtor find the investor) There can be an issue - Probably the investor has his own Realtor to handle his purchases, in that case you will need to figure out something mutually agreed with your Realtor, because he and his Brokerage will not get his split of the commission from the listing agent at contract closingAnyone has a comment about this?

I'm in the Ferndale/Royal Oak/Hazel Park are, with the hope to be established as quickly as possible as to be a big-time player in Detroit's come-back.Thanks.Kyle

This agent will be a key team member as part of my newly established fix and flip investment team.

The city is Buffalo.The family in there now are recently moved in have been doing a lot to the house and really want to stay.

thank you, Ann Marie  Hi Ann Marie,It is possible but the main emphasis needs to be on establishing the right and trustworthy people on ground that will happily assist.I flipped a few properties while still living in Australia but it took me many sleepless night due to the time zone difference and networking for over 18 months until I found the right people for the job.Michigan and Ohio are 2 great markets.Thanks for reading and have a great day.

It will very likely depend greatly on how the three of you have been treating the taxes for the last several years since that will establish what the property's "use" was during that time.

You don't really have a lot to worry about here.

I'm thinking that meeting up with someone established in the REI world and seeking to understand deals in motion will help me wrap my brain around the A-Z of how deals get worked.