In the end, some sort of "first come, first serve" is the only really fair way to do it.

Then buy with a servicer already in place.If an investor is in a "Dealer" status with notes, and are still exempt by your portfolio size, you better understand serving requirements, notices, answering inquiries, collections, recording issues, tax reporting and accounting per the agreement or to acceptable practice if the contract fails to stipulate applications of funds.....knowing these aspects very well.

@Anddy Barnes  Thanks for serving our country...and welcome to BP!

This message will self-destruct in 10 seconds.How does owning this property serve him?

I'm so proud that it can serve folks like you on the other side of the world and help you in ways never before imaginable.  

This is my policy.First Come First Serve No Hold, Completed/Approve Application, Lease and Security Deposit Reserve the unitThat being said I  DO NOT take the money without a signed lease.

I bet you biz mgmt experience will serve you well in real estate.

My tenant was served back on the 16th of this month.

You might be considered an employee with one principal owner managing any number of properties, you won't be seen as an employee serving two or more masters, if you manage two homes each owned by different owners, you'll be providing management services.

Serving as a Qualified Intermediary takes years of working in the business to make sure that you can provide the right advice and guidance to your clients.