It's for 1 person with the proper amount of income from disability. 

Buyer's agents typically represent you at no cost (commission is oftentimes paid for by the seller) AND they'll give you MLS access, off-market deal access, transaction coordination, etc.Holding your license and gaining MLS access is associated with fees - MLS Dues, licensing fees, continuing education fees, broker desk fees, etc.On the other hand, if you are looking to monetize your licensee status by helping folks buy and sell RE, you can earn extra income and potentially make this a career.I began as a part-time agent and was able to quit my 9-5 job after about 18 months.Best of luck to you moving forward!

Call them out on their slow response time.The agent is concerned that this deal will be killed by some sort of back end agreement that doesn't get properly notarized. 

2) If a property needs to be updated (ex: new floor, paint, fence), how should I go about incorporating language into a deal that allows me to make the updates I need while providing me with the proper protection financially and operationally?

Let's try the traditional link again ... see below ...https://drive.google.com/file/...So with the FHA loan one it looks like I factored in all the variables I needed to properly assess it otherwise?   

I would be finding the deals, coordinating any rehab/repairs, and managing the properties.Clearly written, defined roles and expectations for each partner seems to be key. 

I plan on bringing them up to the market level after acquisition with minor improvement and proper marketing.

I plan on bringing them up to the market level after acquisition with minor improvement and proper marketing.

I plan on bringing them up to the market level after acquisition with minor improvement and proper marketing.

Multi family property investing or with proper funding, lending made available, something bigger.