Seeking some financial solutions for a cash-out refinance.  My group purchased a property with cash while our long term financing application was being processed .  There was 1 non-performing tenant that we were aware...

There were a couple in my neighborhood that did well, but we're right next to South Shore.

If I wanted to "rent a broker" who would serve as my broker of record until I finish brokers classes, what percentage of my gross revenue should I give to my broker to serve as a temporary broker of record? 

You can deduct all legitimate expenses against that income, and those expenses include the depreciation of the building, which is a kind of temporary bonus tax cut.

Also, be sure you are aware of the fire regulations and any temporary bans if you have a fire pit. 

Yes, a temporary 45 day moratorium on the issuance of permits.STR permits are no longer transferrable to a new owner with the sale of a property.Mandatory 2 night minimums was shot down.Restricting parcels of 2 acres of larger to 1 STR permit was shot down.Maximum number of permits to two per person was approved - those with more now are grandfathered in and can keep their permitsRenewal of STR permit to be every year instead of 2 was approvedMaximum occupancy based on bedroom count with an absolute max of 12 regardless of a million bedrooms was approved.

@Naeem Kapasi, that's a good idea.Also, I just got a sort of part-time-slash-temporary-slash-contract position that requires me to drive all over town to meet customers.

As a new comer I would feel better having a knowledgeable Real estate agent, preferably one that specializes in Multi families, to walk me through what to look for, what to stay away from, and the basics to analyse...

My sister just bought a 3BR gulf-front, full-view condo in Gulf Shores, AL about two weeks ago.

-------------------------------------------------------------------------------- I have a property that i own and I owe 531,000 + 6300 legal fees, I wanted to tear it down and rebuild to save the home and sell it but being in pre-forclosure hard money is hard to find, I am working with a realtor( nothing in writting) who says he can find an investor to buy it short and give me cash back but he won't answer the phone the property appaised at 633,000.00 in 2005 one on a corner in my neighborhood sold for 1,367,000.00 after a rebuild, the bank is open to a short sale, and I wanted to know how I can get some of my cash out if somebody does a short sale deal, there is plenty of potential in this property it is in the ocean city nj sea shore area I thought you could make money at 540,000.00 1,367,000.00 at 65% would be 885,000.00 thats 345,000.00 to build and should be lots of upside but on a short sale there would almost a 50% cltv Does anybody have some knowledge to share so I can at least get some cash out Thanks