OK - that's great -- you are unemployed - that means you have lots of FREE TIME - I accept your invitation to work with you ----- as a mentor.What is the compensation you are looking for?

This is why we are almost exclusively a B/B+ turnkey operator, it is very difficult to find the kind of deals in A areas that leave enough margin for instant equity to compensate for the reduced cash flow (due to high loan payments, high property taxes, etc).

It's compensation and standard of work? 

You won't get any equity rather you will end up paying more towards your closing cost i.e appraisal, compensations, origination fees etc. 

the seller, the buyer, the bank, the neighborhood, and the agent or investor (if one is involved and get compensated.

And then obviously, you would need to compensate for vacancies (average of 1 month a year?

Almost nothing beats having a cushion of equity to soften any recession or compensate for costs/capex.  

Often this will be in lower class neighborhoods where that higher rent to value ratio compensates for higher tenant turn over and other related issues.There are places where you will only hit 1% or 0.8% but tenants are low maintenance, properties are in good repair and that kind of return still makes sense.Regardless of which rule you follow, you will still need to analyze the entire deal and determine if it really cash flows.If a property that fits the 0.8% rule cashflows $300 a month and another property that fits the 2% rule cashflows $50 a month, which would you prefer?

The previous owner has other avenues to take with the bank if that bank messed up besides trying to obtain the property bank after a sale and most likely the borrower would be compensated without going to the title, but at that point the title company would then be paying you, not likely IMO.With title insurance you are then free to warrant title when you sell. 

You cannot receive any direct compensation, and you cannot be the contractor on IRA projects.