We now have our LLC setup and we want to start establishing and building corporate credit for obvious reasons. 

Usually, I can gauge the seller as long as we have established trust they usually tell me the issues with the home. 

The current benchmarks my partner and I have established for the 2015 year include:Fix and Flip 2-to-3 single-family residences Establish business entity A snapshot of my current financial situation looks something like this:Income: $38,000 (PM at Architectural Consulting Firm)Assets: $13,000 (8k of which are devoted to investments)Debts: $17,500 (School Loan)With that being said, I am also debating purchasing my first primary residence and am trying to figure that into the plans.

It is the way you establish that personal/business relationship with someone online...you know, that one most people will tell you you can't do.

This would be a one year loan which I hope to convert to a traditional 15 year mortgage after the property has established a suitable rental history.  

I also established a business phone number.  

Hey Guys, I am a complete newb to the real estate scene and I'm looking to get into rentals (with a couple flips after I establish my 1st 5 rentals). 

I was thinking more in terms of selling the lead rather than getting a shared commission, but that you've brought up a good point, it might be better to go for the shared commission once I establish a good relationship with a REA in my area.

,If you have established a business for your investing activities, be careful about calling someone unsolicited.

Thank you for that explanation which indeed help, but I do believe you misunderstood what I was asking, and ill take the blame because I wasn't clear enough.I was asking about what the numbers you provided, First how are the percentage established for each one 3% for holding and closing, 6% for realtor, etc.