We are a non-judicial state, so I can't see a huge delay.

Can i get a cash out refi, or does it have to just be a non cash out refi?

John Reed has some thoughts on this here:The ethical standard of suitability in real estateWhat are your thoughts about how much information needs to be disclosed to buyers or sellers and how much they need to be compensated for assuming non-disclosed risk to keep things ethical?

If through a listing broker it will depend on what the listing broker entered on the MLS and MLS rules.In Georgia for instance on FMLS if as a broker you screw up and enter commission wrong,mistake things etc. you can be on the hook for the commission or lose access to the MLS.MLS's are sometimes controlled by REALTOR associations and other times are private entities that are non-profits or for-profit organizations.Also the brokers/agents involved it would matter if they were REALTORS or not.Generally your state's real estate commission does not handle commission disputes.They only care about license laws.The agent can argue procuring cause with the other agent but it should not stop your sale.Simply you would close and get your proceeds and the commission in question would be froze until a solution was given and signed in writing or a court order.There are so many variables to this and it is state specific.Procuring cause is a chain of events leading up to a sale of a property.If the chain is broken generally the broker/agents is not due a commission.The moral of the whole story is the buyers agent needs to learn how to protect themselves in the future.I am not going to court to get my agents commission when I only charge them a 300 flat fee as a broker.No legal advice

My non-professional understanding of basis:Your basis is the purchase price, including acquisition costs (except any that may be deductible as expenses in the current year) plus the amount you spend on the property to put it into rent ready condition.

First five years rent free with non refundable $150,000 deposit!

How do you expect to collect your wholesaling fee from a non-cash buyer?

Here are the expenses (annually):PITI : $7,800 ($650 per month)Property management : $3,300 ($275 monthly)Vacancy factor: $1400 (2 unit, 1 month per year) – highly sought after areaRent loss: virtually non existent – good tenants with good creditTotal of $12,500 in expenses per year not including capital expenses$33,000 - $12,500 = $20,500 per year (minus capital expenses)This would make my expense ratio around 38%Am I forgetting anything here?

Well asset managers sell a non listed property?

The parades, the patrols and dog and pony shows those you do under the non-profit.