For my second LLC I recently establish, I drew the documents up myself and requested his signature.

& @J Scott Definitely agree that it's a math game.

Networking with like minded people has brought me the best success in finding local talent.I haven't been able to establish a mentor, but I've established lasting relationships with people who are successful in their niche and have helped me to evaluate my business from a new perspective, which can be just as valuable as a mentorship.

My mentor / business partner who is showing me the ropes in RE is starting his own property management business after being in the real estate game for 13 years.He is offering me a job in said property management business as an on-call maintenance person, and also said he can pay me to do yellow letters for him (I currently send out a lot of them for my own investing purposes).He said he can either pay me for each letter, or a 10-15% commission on income from any leads I generate (so if I land him a property that he makes $150/mo on, I would make $15-$22.50/mo on each property. 20 properties = $300-$450 / mo total).Either way, he will pay for all the material and postage- so I'll just be taking care of the rest (printing, packing, sending).

Who and How to establish the amount...

I'll be honest, I am a little nervous about doing that first sfh deal and I think that's mostly because once I do that it's no longer just talk and numbers ... now i'm in the game and have the responsibilities to sink or swim.

Our best deals were brought to us by bird dogs.I always look at establishing relationships with a few bird dogs in each town we are looking at buying in.Once they know your criteria and that you have the capacity to buy quiet a few houses your phone wont stop ringing.We pay a $1,000 them commission whenever we buy something.Thanks.

They may require more skin in the game and will probably critique any potential deal extra closely but you will probably be able to find one.

Looked at a multi today, nice place, great location, lots of potential...

...but stuff everywhere. Old tv's, appliances, furniture...just shtuff...in the hallways...and the basement?

Oh

My

...

Generally being on the cutting edge of fraud games down here, scumbags haven't tried to in these situations, they just rent them out.