Having said all of that, you should still consult with an attorney not necessarily to discover the legality of the practice, but to find out the proper procedures and make sure that you are protecting yourself from potential lawsuits.

With cyclical nature of market, should focus of investor be on different kind of property at different phases?

If you dislike your current agent and don't intend to work with them any more, then it's a moot point.If it were an off-market deal agents can often understand the nature of that, but when I have had clients go through the listing agent in order to save money on the commission (which almost always is shown to be a non-reality once you see the settlement statement), it has clarified to me that they don't need OR want me to labor for their best interests.  

The standard lease here outlines the procedure, but from here I only need to wait another 2 days, and then I can change the locks. 

I have also been able to rekindle the dreams of that 10 year old, and I cannot imagine for myself a more exciting and naturally appropriate vocation.Thanks for reading and I look forward to collaborating with you all.Rich

Its human nature.  

If I show them 30 properties and write 5 offers,...then when they finally get one property and use a different agent..well they have just wasted a lot of my time I could have been putting to better use.Now I have other investor clients who work with other agents and the nature of those relationships is different.

Taxes are the nature of the business, but it will give you a huge leg up against the competition because you have the cash to close on more deals. 400k today is worth more then what could be. 

Most people do Not realize that when you form an LLC there is A LOT of rules, regulations, paperwork, procedures, etc. 

This strategy positions YOU as the "Authority" as well as the natural choice when they have a referral of any kind.