Regardless, you still need savings, reserves, etc. when you by a property so you can't really "drain" your cash basis :-)And I'm not a financial adviser so take my advice with a grain of salt.   

Its great to hear we have such a strong club that is helping new and salted investors out.

Take what everyone says with a grain of salt.

You create the equity in a deal pretty much out of thin air when you buy.That is the value of a good wholesaler.If you create a lot of equity, you can charge a higher fee and any buyer worth his salt, who can see the upside you have created for him, should not really care what your fee is.If you do not create enough equity on the buy, you do not deserve a high fee and you should charge a reasonably modest fee.That said, be flexible and know when to charge more or less or nothing at all if necessary as @Bruce Wuollet said. 

I looked at their web site, and I'd take that CDPE designation with a grain of salt.

Any agent worth his salt isn't going to do 100X the effort to find you the one deal you are looking for.

I'm actually headed to the first BP get together in Salt Lake tonight (that I've heard of).  

Conversely, if this buyer's agent is worth his salt, he'll write the offer with his full commission.  

As for his claims that his current landlord is going to let him out of their lease early, I would take that with a grain of salt.

I also take projections that big with a grain of salt.