Hey Alexander,Great to meet you. out of state investing sounds really cool.

@Alex Wade Sounds like you have a good start.

This may sound like a lot just to get an agents attention but at lower price points they are vetting you more than you are vetting them.

The way I’ve bought them (this is going to sound crazy) is t-shirts and team members.

Says the 10% sounds good later, but I doubt he will ever get that, and I suspect they will cash him out at five years or so, but I dont know that offering skepticism on that is helpful. 

Seriously though, this sounds like something an REO bank would do on a short sale approval. 

sounds like EM  doubt DD.. 

Agreed that getting an agent sounds like the best bet for you.

Is this even legal for them to do (we've been told it sounds sketchy and that they are trying to "double dip") and what is the best way to address this?

Much of what you describe sounds a lot like where I am at in Eastern Idaho.