The problem with me buying more rentals is earning the cash to buy them.

My wife has just earned her RE license and will be interviewing brokers next week.

Will help reduce the monthly payment and increase amount of monthly cashflow. 

If the buyer doesn't have an agent, I would guess that you'd probably at least be able to at least come to an arrangement with your agent to take a reduced commission, since otherwise they would be basically getting a double commission for very little work.Also, just bear in mind that if they do make any of these adjustments for you, they are doing you a favor.

Congrats to them 'earning' their one-property clients an extra $100 to $1000 in the name of fiduciary responsibility to their client. 

Imo - not a lawyer so take it for what it is and get legal advice if unsure.The llc will help reduce risk however if you are negligent you can still be held liable.Talk to other people, get llc for dummies.Here in ny pretty easy to setup.  

I can see many people will lost their hard earned money.So a word of caution.

After seeing the condition of the place I would try and reduce the PP.  

This greatly reduces risk on the principal invested because, at worst, the lender owns the property and will look to maximize value by selling the property or selling the non-performing loan.

If it stays on the market for a few months, they'd probably reduce the price, but you may risk losing the property.