As used in this chapter: (A) "Real estate broker" includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to a power of attorney or otherwise, and who for a fee, commission, or other valuable consideration, or with the intention, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration does any of the following: (1) Sells, exchanges, purchases, rents, or leases, or negotiates the sale, exchange, purchase, rental, or leasing of any real estate; (2) Offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental, or leasing of any real estate; (3) Lists, or offers, attempts, or agrees to list, or auctions, or offers, attempts, or agrees to auction, any real estate; (4) Buys or offers to buy, sells or offers to sell, or otherwise deals in options on real estate; (5) Operates, manages, or rents, or offers or attempts to operate, manage, or rent, other than as custodian, caretaker, or janitor, any building or portions of buildings to the public as tenants; (6) Advertises or holds self out as engaged in the business of selling, exchanging, purchasing, renting, or leasing real estate; (7) Directs or assists in the procuring of prospects or the negotiation of any transaction, other than mortgage financing, which does or is calculated to result in the sale, exchange, leasing, or renting of any real estate; (8) Is engaged in the business of charging an advance fee or contracting for collection of a fee in connection with any contract whereby the broker undertakes primarily to promote the sale, exchange, purchase, rental, or leasing of real estate through its listing in a publication issued primarily for such purpose, or for referral of information concerning such real estate to brokers, or both, except that this division does not apply to a publisher of listings or compilations of sales of real estate by their owners; (9) Collects rental information for purposes of referring prospective tenants to rental units or locations of such units and charges the prospective tenants a fee.

Here, we have additional auction requirements, one buyer in there per dealer (attempt to cut this type thing out) just require the dealer to show the bill of sale before you buy and pay the fee, otherwise you buyer could get even more. :)

Lack of recent sold comps on residential property is a sure sign for you to NOT to attempt a fix and flip in that area, imo....Kudos,Mary

I'd also inquire as to other siblings and attempt to get assignments from them, too.

There is a dearth of MUs in the area and the market is really heating up, so any aggressive attempt to score a deal might result in the loss of that deal.

Being on the listing side, I've never taken a contract from someone I knew was attempting to wholesale/flip, as it's just so much less likely it will actually close, as compared to an OO or buy and hold investor.

Two years later, I have only accomplished minor repairs on the property because I was attempting to do the work myself and (of course) encountered as many setbacks as advances.I wanted to continue to educate myself on real estate in an effort to make myself more desirable to lenders, so I completed the Indiana Real Estate Salesperson Course in December, and I rented the property to my brother, although much work is still required.

This is a bit tongue in cheek, but a title policy is more accurately described as a settlement agreement in advance in which the title insurer attempts to specifically define and limit their obligations in connection with any negligence they commit in their title search.

See how good your skills are on this one and while your doing this flip attempt to find the next one after you get a few under your belt then it's decision time.

Small jobs you should attempt to have handy person types handle.