In many states dual agency is not even allowed by law.A broker or agent in many cases can still get the whole commission by having the seller or buyer as the client and having the other party as the customer performing "ministerial acts" only for them.Ministerial acts for example can be filling out a contract but not answering questions from the customer on what's the lowest they will accept and other key data the seller might have given in a client capacity.

If you're new to the game, the book should be your bible!

I wanted to get in the game, I would sacrifice anything to succeed.

Who any veteran Investors suggest this to newbies as a way to stay in the game?

New to the Landlording game.

There are other strategies which require no money out of pocket but typically a beginning flipper is going to need some available money at hand to get into the game or even to put you in position to use those strategies.

For you, thus means you will have a little more skin in tbe game.  

As Ken mentioned your state and local custom will determine how implementation is enforced.

This savings could translate into a higher return on your time since if you paid back your 49,200 and only have 20k left @12% interest lets say your month cost to hold the property is not substantially less in the absence of obscene closing costs or points.Option B:This may be an investors dream cash back 45k in your hands and a property with no skin in the game "infinite return," assuming you still cash flow with 120k of leverage on the property.A tenant would be paying your mortgage, taxes, insurance, and etc while you've retained the property, received 45k non taxable proceeds from the refinance since the asset has not been sold, and potentially making some income each month if the numbers work.120k @30 year fixed 5.625% is only about 690.79 per month and taxes and insurance I'd wager (depending on state) is probably 130 more.

I am looking to buy "dirt" to spec build custom homes, wholesale property and rehab properties if the opportunity becomes available.