I would contact a settlement company to handle the transaction.

Retail value 140.I understand that tenant could not buy it right away for 140 because mortgage companies would not finance based on 140 because property recently transacted at 100...

steve,all of our properties are rentals. check our my website too.this particular one is in Garden city, michigan. borders Wesland, close to livonia.

If they bring me a lead that ends up being a deal, can they get a commission off the wholesale transaction?  

In the suburbs, each municipality has its own rules and ordinances, so you can cross a street or road (suburbs have lots of roads named Township Line Road) and can have a different set of rules to follow than on the other side of the street.  

I get it with the intention of getting involved with real transactions, learn some insights of RE, and hopping to find one or more investors to collaborate with.

Hey Luis, I never thought of cross checking absentees with evictions.

Hi Friends,Having done almost every type of transaction in real estate for over 20 years, I'm going to be a great resource for connecting, assembling, sourcing, investing and funding deals.

What is a prohibited transaction?

This hasn't crossed my mind 6 months ago!