I know some brokerages split the commission 50/50 with their agents.

It depends on if the LLC is a single member LLC or a multi-member LLC.If it is a single-member LLC, it is considered a disregarded entity and reported directly on your individual return.If it is a multi-member LLC, by default, it is considered a partnership.If there is no income or expenses(rare to happen), then yes, no requirement atleast at the federal level. 

You might also consider joining a team where you can get customers and a higher level of support than most solo agents get.

It is much better than the 1% rule and the ability to pull equity will be very useful for my next play Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Partner with a qualified real estate agent, property manager, and legal professional to assist you throughout the investment process.By considering these points alongside the existing list and seeking professional guidance, you can increase your chances of finding a suitable multifamily investment even in a competitive market.

Likewise, Garn St Germain Act also comes into play here (that's a federal law).So, if you want to go down the rabbit hole some:1.

I have been slowly developing a relationship with several wholesalers, several repair people and a young and ambitious Real Estate Agent for the sales end.

How you find the actual owners and get past their registered agents?

Hi, I am an Realtor and investor.  Personally looking for multi family units. But also help others with their real estate goals.

I would reach out to other investors and investor agents where they claim to do business (and where you'd like to do business with them) and see if they're familiar with this company.