One concern of carrying 2 policies on the same property is that most policies have “excess” clauses.

I am new to tax surplus and I want to know how legal is it charge 30-35 % finder fee especially when the "state" puts a limit on unclaimed property of 10%. Is this legal?

Every rental Ive done in excess of $7500, the tenants had an agent representing them.

If the deals have enough fat in them, then I think that this could be a solid strategy, and I would then manage the property for my friend going forward, so that he just receives passive income. 

The Master LLC only provides funds for investment and receives cash flow from the excess income.

A $100000 loan is not making anyone fat.

. :)Also, you'll need to continue to work the income funnels (w2 and 1099 earnings) and use the excess cash from earnings and cash flow from passive income to reinvest in the machine. 

You will want to avoid ownership percentages for the seller in excess of 25% as this can technically trigger the due on sale clause.

.- Second, when targeting a property that can be sold to a rental property investor, you do not need to perform excessive improvements either. 

The increase in cash flow by losing the mortgages on the 2 properties was in excess of the rental income we lost by selling the one property.