Private lenders are an abundant source of funding, but there's no bricks-and-mortar establishment, no standard process other than SEC regulations, just your own ability to build relationships - a key skill for an agent / broker.My $0.02 ...

I don't know how it would be legal because it sounds similar to brokering, the investor has a purchase contract with ability to assign to someone and the contract includes a phrase allowing them to list on MLS.

But I am seeing you are looking to raise capital for 50 rental properties so I assume you do not believe it will hinder your ability to raise capital?

@Mike Landry, Except for the few inheritors of wealth just about everyone through history worked (you'd call it a W2 job now) for a living and built wealth by saving (spending less than they made) and slowly building their ability to invest (whether farm land in the agrarian age, manufacturing and commodities in the industrial age, or information proprietaries in the information age).  

Agents can legally advertise the properties and probably have the ability to give the property 100x the exposure than most unlicensed brokers.

But reading the FHA guidelines, it seems they have the ability to use appraised rental values to help qualify on a vacant property.

With you getting paid on the 15th may help with your own cash flow if you have a bill or two that comes due in the middle of the month.

Will see how this goes, but am concerned about it impacting my ability to get a loan if the seller says no.Another question -- the test revealed that both neighbors have oil tanks in their back yards.

Basically the only thing you loose it the ability to offset ordinary income and of course your tax rate changes.Offsetting ordinary income with depreciation from investments is an awesome perk but the tax advantages of real estate remain pretty amazing no matter how rich you become. 

As confident as I feel about my ability to manage this, I'm probably in over my head a bit.