She also said she does it with some wholesalers she deals with, which I don't quite understand.

ADVERSITY is what defines success.For some it makes them quit and give up and for others it makes us STRONGER and more determined than ever to succeed.Everyone sees success of people and admire it but they do not know the trial and error and years of failure and enduring to get where they are today.Doing something amazing with your life is NOT a success only journey.

While the rent was like clockwork and the tenant kept the house spotless, she had an entitlement attitude that was quite amazing.So on the plus side - consistent rent, and yes, rent increases every year.

While I have been lurking on BP for quite sometime.. lol I finally decided its times to start getting active on the forum.

You'll find some great resources here and you've got quite a few great investors to learn the Austin market from- Jon Klaus and @Bryan Hancock to name a couple.Here's to your success!

I know that @J.Scott mentions that he does quite well from the referral commissions too.

In the past few weeks, I've already read quite a few of your insightful posts.

-StevenThanks much Steven - Let me mention that although the Son has a quit claim deed from his Father (the surviving spouse of his Mother), he has not yet recorded it.

Yes, M and M has a thorough training program that's quite intensive, relative to competing firms' training programs.

This is quite normal to sign in order to protect the agent for this one property.Might be other exclusive arrangements out there ...Some other threads where this has been discussed:http://www.biggerpockets.com/forums/311/topics/49488-what-is-an-exclusive-contract-w-agent-http://www.biggerpockets.com/forums/21/topics/45169-what-is-typical-in-buyer-s-agreements-http://www.biggerpockets.com/forums/311/topics/75732-question-about-changing-real-estate-agentshttp://www.biggerpockets.com/forums/311/topics/16661-why-work-with-a-buyer-s-agent-