You're basically bird dogging for the flippers and making a finder's fee

This is kind of an obscure concept:"foreclosure" refers to the reason why a property is up for sale (somebody didn't fulfill a financial obligation).

Moreover, the five-county metropolitan region experienced the highest home sales volume since July 2011 and the highest median sales price ever at $320,000.According to Steve Crorey, 2018 ABoR president, "This means we could see another uptick in home sales growth in August to end the summer selling season on a high note.”Here are basic stats on single-family home sales for July 2018 for the City of Austin and the greater Austin area:Demand for Central Texas housing remains incredibly high.

Get your first deal under your belt and you'll be better prepared for your attorney.Your broker and lender can help answer basic legal questions as well.

Super basic 101 level stuff like that. 

The basic acts of screening tenants, signing leases, paying the bills and receiving the rents are administrative in nature, and if in a modest amount would not likely be viewed as providing services. 

Once they're all leased up and the property is operating at a profit, I'd go to a bank and say, "Look, it's a viable concept, we completed phase 1 without screwing anything up, units are all leased and generating profits, and we have a waiting list for phase 2 and 3 units.

I then pay the private money lender after 6 months their original $290,000 + 10% or $319,000 and I basically break even and make no money other than the monthly cash flow (money I didn't have before, I realize). 

I'm not familiar with that concept but sounds like something I should learn about.

My family and I purchased this single family home pre-foreclosure and saw the potential for a large profit with some basic upgrades to kitchen, floors and bath.