But the bottom line is as a investor dealing with a seller without brokerage involve, the best thing you can do is disclose that you are a lic agent and that you are looking to assign the contract your end buyer, investor for a fee. 

But, the loan will come due at the end of the balloon period.Due to the risk involved, the longer the balloon period the higher the interest rate.

I don't want this to get to a legal issue, but given the money involved - it might.

I bet if you buy multiple, either company would give you a small break on them.

I wish I have more tax experience in real estate but I suppose I'll be gaining more as I invest myself and become more involved in the BP community :) My goal is to acquire 70 rental units in 7 years.

I would love to meet investors involved in flipping as well as buy and holders.

The cost involved are couple hundred bucks and don't need an attorney.

@Dan D. turnkey property you are delaying the need to build your own team down the years (assuming they have done solid work in the property) the basic question you need to ask what is the IRR you are trying to target how actively you like to involve. 

I think my lawyer was involved.   

But you want to turn it into a 9-unit residential property, and that would likely require rezoning and whatever else is involved to change the building's intended use.