What makes you or your aunt think that a real estate agent is qualified to write up a legally binding contract that will properly protect her interests and comply with state laws?

I talked to several and they ALL seemed very qualified and I talked to references from ALL of them.

Honestly evaluate your skills and mental bent.

Hi Kat, you can apply and get "pre-qualified" however UW of you and the property wont actually begin until you show a fully signed PSA. 

Instead I push them to my website where they can screen themselves, look at the available houses and pre-qualify themselves for the terms.

I qualified by equivalent experience with my years in real estate lending.

If they qualify, you and your tenants can apply to turn your lease into a Section 8 subsidized lease. 

If you qualify for conventional loans, bank financing is available to use for flipping and is much cheaper than hard money, but also slower and more headaches.Remember that buying a house requires money, but it doesn't have to be your money (although it's simpler if it is). 

Like you said, it's working for someone so I'll be curious to hear some others input.My thoughts exactly - the $800 / m is not net as you have to figure in the dues - which can be a major hastle .One other factor is if 50% is rented  and / or more than 10% controlled by 1 entity - owner then this project will not qualify for FHA/VA financing which is key in condo market.

That great agent should save you more in market expertise, negotiating skills, and advice than they'll ever receive in commission - in other words, they should add value (not be viewed as a necessary evil or an interchangeable commodity).