That will get them down quickly without getting your hands dirty!

Hopefully you are not trying to take a referral fee and are just handing off your client to capable hands for the asset type they are buying.As a commercial broker specialist in large apartment buildings and retail properties we get requests a lot for people wanting to buy right now.No room in the fees for referrals.  

You will need hand holding from the broker throughout the entire transaction (as did I back on my first deal in 2010, you'll never forget the first one!)   

@Bryan Devitt We do have an operating agreement between the LLC, but for this specific deal we just hand shook on the terms.

Pay him like a contractor, get paid like an agent, and keep everything plain and simple.

But I believe and feel someone should still hold your hand in this process.  

So for the first year i think ill try to manage the property myself, also want to get some landlording experience before i hand over the task to a PM.

I thought about doing a buy out but I am involved in another property with him, hand shake deal.

Having a GC picked out makes this process MUCH smoother because as soon as you are under contract, you can schedule a walk through with your GC and have your formal work bid in hand within a day or two, then your loan officer can prepare your loan app based on the formal work bid and proceed as normal. 

The plain and simple answer is no there were no voices.