I bet if you posts the address on this thread you would have the perfect rent confirmed for the house within 24 hours.

Buyers here are also pretty skeptical on flips, first thing they will do is go online to county records and see what you paid for it.

Same for your website if you choose to focus online - it's going to take several weeks or possibly several months before it starts churning out leads on a regular basis.

These agreements are typically drafted by attorneys, but I have seen templates online.

This sounds to me like a normal deal in lots of the "up and coming" dc neighborhoods like Columbia Heights (full disclosure this is where my house is), H st, Adams Morgan (although I think we can all agree adams morgan is never going to actually get out of the up and coming phase), etc.TL;DR I would bet this is legit.

@Toni Fowler Your best bet is to start attending some local investment club meetings to network, learn, and ask questions about the market from folks that know it well.

The sit-down is your best bet.

1st go here and do your courses http://www.californialicense.com/ they are the least expensive I've found and good online you just need the cheapest package I think it's $99 for all the courses you'll need.

If you live anywhere near there I'll bet you already know the war zones.

You bet @Mike ToddAnother thing to remember is this, your Broker will only get a portion of the commissions you are paid.