You are correct...all of us are looking for something different depending on our model...and some, sadly, really have no idea what they are looking for or are too scared to pull the trigger on a deal.

If you want to make sure the person that you refer gets good service, then offer the lead to more than 1 agent and charge 1/2 price - $18.75 per lead.Another advantage of selling leads is the compliance issue.

For example, if they're great tenants who don't need any improvements, and you can get seller financing, you might pull the trigger, rent for cash flow & equity buildup & hold.

It will trigger different codes including fire code.

Do your preliminary checks to see if the price is a good one and before you pull the trigger to make an offer, ask your agent friend to give you some comps for that address.If you don't have an agent friend yet, you need to get one.

Only recently have I pulled the trigger on making my dream of becoming a renowned investor materialize.

I have recently left the insurance industry to pursue my love of buying and selling real estate full time.I have been working to find a lender that is offering services to the seller financer for the MLO underwriting piece so the seller is in compliance with Dodd/ Frank.

It keeps everyone in compliance and ensures that everything is reported and recorded correctly both for you and you seller.

Additionally, I have now linked up with a great lender who will allow me to place this home as collateral against buying other rental properties, so while the cash would have been nice, it hasn't killed my ability to pull the trigger on investment homes.Just a few thoughts, but I hope this is somewhat helpful.

As part of our research we visited the city’s building and safety, flood control, code enforcement, planning, and the fire marshal to learn about their requirements and confirm compliance.