Please tell us a bit more about what you would like to do with this, so that some other alternatives can be suggested.

Also be SURE to have a well defined written agreement (Operating Agreement) with your partner about who is responsible for doing what and how money will be contributed and extracted and an exit strategy and an alternative exit strategy etc.

Unless you wish to earn your license (which may be a good idea), I suggest being creative and looking for alternative or additional (legal and ethical) ways to compensate your agent.

Alternatively I brought up the idea of them keeping the property for tax advantages and appreciation and allowing me to manage the property at a rate below the standard management fee in our area.

That's what kicked my husband and I off to start looking into alternative investment strategies.

I am not participating in the type of program you are describing; however, I would like to offer an alternative.

I gave you advice about looking for alternate forms of low-down owner-occupied financing so you could keep your FHA loan instead of having to refi or sell the house.

I do pretty much all my own investing, and not only do I enjoy it but I do well for the most part. I'm relatively young, (30), and I don't mind some risk, so lately I have been diversifying my portfolio into other are...

One other option that I used to do is look for alternative sources for the down payment or the money that I would ultimately end up leaving in the property (buying with HML or private money and then refinancing) Depending on your personal situation, this can accelerate your growth, but you have to be careful.

If you can suggest an alternative to a realtor who can do all of the above for potentially no money I am all ears!!