The other big mistake was believing that ANYONE will do all the work (with a turnkey operation) and leave any money on the table.

Please leave any feedback.

Pure bunk.If you could do the following:* create a website for TBers to leave their info* get door hangers and flyers and bandit signs up for TBer to be driven to Web Page* get TBers money together, whether it is a loan from Household Finance, or loan from their parents, what ever* convince the Seller that the sales price is a new appraisal, period, at the time the TBer gets financing approved and funding letter is typed up* learn about credit reports and clearing negative marks (Fair Credit Reporting Act, FTC, etc)* have a goal where 10% down payment is arrived to get good rates* have the seller pay closing costs* you as an agent get 3% now, 3% when it closesThe challenge is helping both the seller and TBer get a win win, not easy.i.e.

In fact, when low income tenants leave, they USUALLY leave a refrigerator and all the cabinets FULL OF FOOD (along with their never used broom and vacuum cleaner)!

How much will it cost them to leave the property vacant a few more months?

He is leaving it up to me on how to get my first time investors.

This option also doesn't leave me with much cash in reserve.

Is that going to leave him in a bind?

It's a bummer because the buyer could go away or find another house to buy leaving you in the lurch if and when their offer gets accepted by the lender.

You'll need to get some thick skin to survive.Good luck.