In other words, there is no set amount found in the regs, it is determined on a 'sliding scale' basis, depending on what kind of business/company the investor intends to pursue. 

Don't know how you could fun a smooth economic engine without it.

days still here another ... but the realtors don’t mind blowing blues sky up skirts oh it’s gonna sell just leave it up there meanwhile the seller is stuck can’t get one with their lives they have an albatross and a kindly smooth talking realtor to help them keep it!

God willing Wishing you smooth and easy renovations!!  

I Live in washington. and currently taking a Real Estate Practices and Fundamental course at a community college and our first week, one of the slide brought this up but instead of being called "Birddog" its a facilitator or intermediary.

It may not work as smoothly now (although I would not know why), but I have done this a few times with 2 LLCs in the past with Chase and Wachovia.

Closing was smooth and quick.

Getting a system down on how to contact, speak with, and smoothly transfer tenant information over.

Assuming you get the price you want and the process goes smoothly, you will have better cashflow from owner financing/wrappable mortgage (no insurance, management, maintenance, etc to pay for).

You would have been a buyer  at 30k under what you paid and the seller could have made 30k more leaving enough for the agent as wellOur markets down east are not stupidly on-fire like in TO, but a real estate agent here is not going to list a hoarder disaster on MLS ... they'll slide it directly to some one like us.