Thanks for your input Scott...I guess I also forgot to mention that they don't just give you the template for your website....it's a whole database where the birddogs input the information, put in pictures, and that is connected to your buyer's list where the buyers can see the properties you "accept".Anyways, yes, this is definitely something that works for me, so I will keep everyone posted on my review...so far so good.Thanks for including me in the 20% of the people that you think would make this work!!!

In my area, most good deals hit the commercial MLS and go pending instantly because they already had a buyer in their database.

Hard to say with the current changes in administration. 

Help them in any way you can, whether it's administration, knocking on doors, cold calling, etc.

(Note: we sometimes accept couples, so single occupancy restriction is not an option).Does the financial/administrative burden exemption of the FHA apply here? 

This puts his total compensation at around $48k on a building that will likely bring about $720k gross rents, in time.Note that his main function will be to act as a maintenance man, and to be on call for the typical needs, and we will be handling everything from an administrative perspective.

Also, I would appreciate it if someone could recommend a database that could help me find a good deal

We would do a TIC with you but you would need to bring in more than 1-2M for it to make it worth the administrative burden.

He has ZERO $ for vacancies, cap ex, maintenance, management, administrative costs, water, sewer/septic, nothing as an expense except for the mortgage. 

The fact is that the Raleigh Housing Authority decided to apply sequestration to contract rents, yet increase the administration expenses of the program significantly.