I asked for dd materials and he essentially recorded the transaction with my LLC and acted as if I were closing on the deal.

BUT, if the Realtor is the buyer of the property and/or is assigning the contract and is not representing any party in the transaction, it may be OK to pay an assignment fee to a wholesaler.

@Tyler HoganYour (or your father's) 401k can get financing on a property it owns, but that doesn't help you (or your father) get access to funds for investment outside of the plan.Using your 401k assets or loan proceeds personally would be a prohibited transaction unless a participant loan was taken from the plan.

To name few features, you can connect your bank & credit card account(s) to QBO to automatically download the transactions daily, set up rules for any recurring charges, setup recurring transactions (ie invoices to tenants), sent out reminder (individual or batch), accept online payments (cc & bank) which can be tenant or landlord initiated, track multiple income sources (ie. flip, rental, wholesale), track individual properties, charge tenants for reimbursable expenses, track 1099 contractors (and e-file tax forms), and create a budget.

the percentage is going to increase or decrease based on the amount of the transaction and what your title co. is charging you. 

He will want an administrator/custodian that is 1) Reputable2) Responsive & helpful regarding organizational structure and allowable transactions.3) Reasonable feesI have searched the internet, and it looks like the Gold investment shops have spent more money on SEO than the real estate folks.

It seems you would be on the very front line of not only knowing what which properties were in default/foreclosure but would also see these properties first hand.Also, (changing gears) I have been offered a position to search within the default list in my area and attempt to approach the owner(s) of these homes with the intent to do a Cash for Keys transaction.

You may also want to speak to your lender and make sure they know exactly how you are doing financially and make sure they are going to loan you the money you need to complete your transaction. 

This brokerage may engage in property management as its primary business but still house agents who exclusively do transactional deals. 

FSBO transactions, What was your experience?