I have the cash to purchase most of the properties that I want to make offers on and I also have a preapproval letter from a reputable known HML that says that I have more than enough cash for their required down payment and that they can close in 10 days.

For example, many realtors would squirm from having to make low-ball offers, thinking the seller or the listing agent would be insulted or their own reputation tarnished.

Otherwise it can get complicated as you really are putting buyers and sellers together, facilitating sales.You need to read your state statutes very carefully word for word as to what requires a real estate license and then don't do those things if you don't have a license.You can be an employee or memebr in a LLC that buys or sells, as a principal, in other words if BAC LLC buys a property and you are a memeber of BAC LLC, you can then be entitled to profits for the work you perform in that LLC.Another way is for you to take an option to buy and then sell your option, this is placing you in a position of havine an interest in the transaction, but those you sell to may have financing issues with this, it also depends on property restrictions or title limitations as beeing seen as sales during a restriction to conveyances, again check and see how these issues are viewed locally.Generally, you can not act as a third party between a buyer and seller and simply arrange or introduce deals and be paid a fee independly as that is a function of a real estate agent/broker.Lastly, it's easy to get a bad reputation amoung Realtors if you're known as a birddog, they will likely see you as unlicensened competiton and expect them to complain and report your activities.

Wholesaling mentor programs do get a bad reputation, but fortunately I only need to find a single good one.

I would prefer to be able to have all the money needed to finish the rehab all the way instead of doing it in stages because I wouldn't want the property to sit for more than it has too.I did take some classes on real estate finance and development in college, but I think it would help me the most if who ever answers my question assumes I don't know anything because I'm sure I'm missing a lot of information.Thanks, joined BP just mins ago.

Can you recommend reputable companies for Landlord Insurance?

4) Build your reputation as an expert by; networking, talking at real estate investing groups, posting here, writing a blog etc.

I get concerned when people have 2k+ for deposit/rent off the bat, usually they left there past landlord stuck so they developed cash.

Before committing their time and energy to your development, they will likely want to see evidence of your personal commitment to your education and development.

Let it cash flow until a developer takes you out for a valuation beyond MHP norms.