A few weeks back, I started an email communication with an adviser at Memphis Invest, and scheduled a introduction discussion as you had.  

So why bother with someone unproven who is very likely to be a tire-kicker or simply not qualified to close.That is why I recommend that people put together a broker credibility package that establishes you as serious player and sets forth in very great detail what you are looking for, where, what price you are willing to pay, your ability to close, your closing team, the speed at which you are willing to close, whether you have relationships with lenders, other deals you've done before, etc.But you do not send this to a broker until you have already gotten a warm introduction from someone you both know.  

Per our contract it is written out as:Security Deposits(1) During this agreement, Broker will maintain security deposits received from tenants in a trust account and will account to the tenants for the security deposits in accordance with the leases for the Property.(2) Except as stated in Paragraph 4(I), after this agreement ends, Broker will deliver to Owner or the Owners designee the security deposit held by the Broker under and effective lease of the Property, less deductions authorized by this agreement, and will send written notice to the tenant that states of the following:(a) that this agreement has ended;(b) the exact dollar amount of the security deposit;(c) the contact information for the Owner or the Owners designee; and (d) that Owner is responsible for accounting for and returning the tenants security deposit. (3) If Broker complies with this Paragraph 4C, Owner will indemnify Broker from any claim or loss from a tenant for the return of a security deposit.

I still stand by my previous paragraph.

Hi everyone, just wanted to make a quick introduction.  

Check out the BP Free Course for a quick introduction on how to get started with Real Estate investing https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing

Hello BP communityFirst My sister and I are just starting out in REI we are focusing right now on education , then moving forward with wholesaling properties.  Just want to say thanks for such a great community to be ...

Here is a primer http://www.seclaw.com/introduction-private-placements/

Had you removed "cut them in on the deal" in your paragraph, it's a profound statement that I haven't thought of.

The best way to figure out if HML is for you would be to pick up the phone, and call hard money lenders covering your area - I know we cover Michigan too, I am happy to make an introduction if you would like me to.