When the mls has dried up, that is when investors will turn to marketing or others who market and lock up deals at a discount.

It looks like the seller bought the house for $8500 in 2012 (and then realized he had taken on more than he could handle) so I'm guessing that there is a little more give on the price.Is this one that I should run away from as quickly as possible or is there enough skin in the game to make it a worthwhile proposition - perhaps as a flip?

So my skin is a little thicker than most.

Tell them the $ will e in an account until the next deal arises and once applied they will be notified and the repayment profits will start.My thoughts are take it while you can get it and find a way to make it work so you can build a long term relationship with them and do bigger deals later because you never know when you might need that $ and if they dont invest it with you now it may disappear or be invested elsewhere drying up your source.Just my opinion but hope it helps.

The cash flow wasn't here (at least the type of cash flow I desired), and wholesaling has dried up a lot and I couldn't find anything to flip.  

There are several different ways to skin a cat.When buying from banks, yes they do not like assignments, but there are a few strategies to get around that. 

.+ High overview numbers:- Land acquisition: ~$2M- Soft cost: $600k- Construction cost: $2M-$2.25M- Sale price: $7.2M- Closing costs: $850K- Net return: $6.35M - ($4.6M-$4.85M) = $1.75M-$1.5M==> %of return: ~30-35%His office wants to structure as follow, roughly:+ Partnership structure:- Broker firm (owner of project): up to 50%- Max 6 partners, preferably less- Min to enter: $500K- Min for project to start: $1.5M from partners other than the broker firm.I would be both investing and building the project to have my skin in the game.  

The level just before the market dries up and you outprice the renters. 

What is the LTV with your investment, how much skin does the rehabber have in the game?

As to using an agent, seems pretty cut and dry, unless you want to pay more in commissions.......???