Hey All,My name is Duane White, my wife and I really have no background in real estate except learning from books, BP and couple of local real estate investment clubs, plus a lot of courage determination and willingness to learn to help us along. 

Technically, we do not share commissions; we reimburse people for their marketing expense.

If others got wind of wholesaling, could they technically get you in trouble, etc.Thanks,Kyle

As general background, hedge funds are normally structured as follows:Management Company --> oversees and manages --> Fund (a collective investment vehicle).

It does credit and background check and I set it up where the tenant pays for it directly, so I don't have to ask for an application fee.    

it all depends about cash flow and buying at the right price which means almost everywhere and almost all the time would technically be a good time to buy.

As background info, my first property was a house with a garage apartment so I have been tracking those 2 units separately and reported them separate to the IRS because they not only have separate addresses but they are physically separate dwellings despite 1 mortgage payment, etc.

One other tip to go along with that is to do a background check on your PM.

Every person will have different circumstances, different background, different resources available, different comfort level with different strategies, etc.

I will provide them a recent bank statement showing a balance greater than $300,000 and offer to pay a year of HOA fees in advance, and I will offer to have a third party investigator do a background check on me to prove that I do not have a criminal record, given that I am paying cash there is no logical legal reason why they should refuse my application, but this application process may have little to with the law.