If all the licensed Realtors got together and "decided" that such-and-such was a "D" neighborhood, that in itself would harm not only that neighborhood and the people in it, but also people buying houses in the area to boot.Historically, there was a time when people with licenses (read: in a position to influence buyers and sellers) would do exactly that.

We paid some closing costs but instead of just buying the property for 155k (which could have lowered the value of the neighborhood and influenced an appraiser to give the value of the purchase price as the market value - which happens a lot) I bought it for 190k (which was more realistic of the true market value).

I considered this as an option on my latest deal, but decided against it because the only substantial benefit (credit building) doesn't really apply to me anymore.

Right after the tenants left we discovered foundation damage and had to pay for piers to be installed - at a substantial cost.

so they can improve their DTI.Maybe a partnership with a waterfall allocation makes sense, but there must be 'substantial economic effect' for such an allocation to be respected.Why not just do a cash out refi and use the proceeds to buy 2-5 more properties?

If you just go to a brokerage with a high commission split like 90/10  or even 100% with a flat fee don't expect that much support unless you accept a mentor who you may have to give some of your split say 75/25 or even 70/30..Or if you simply want a license to make investment deals and some side deals for your sphere of influence then you can just go to those flat fee brokerages to hang your license..

Learning how to make a substantial income makes investing much easier! 

Aside from things you can control or influence, that's the only time this approach would not work.

Hey @Richard Harbison, they could get a personal private loan from someone they know (sphere of influence), or home equity loan, or if they are able to pay it back quickly keeping in mind the interest rates, credit cards.

I was a partner in a fix and flip where we did a substantial amount of the work, but when it came to pulling permits, because we were not owner occupying, we needed a licensed contractor to file for permits with the city.