As listed in the subject, I am from Maricopa, Arizona and I am beyond motivated to start getting involved in rentals and flipping homes.

The way I see it he only has two options - pay all the back money owed, or file for bankruptcy.

Can I file a complaint to the realtor association?

I believe there’s much value to what you said, but it seems like it would mostly apply down the road when I’m able to more actively involve myself in more deals than just one.

I've held my license with HomeSmart, and they are great, just wondering if anyone would recommend a firm that's more involved in the investing world as opposed to retail. 

It doesn't necessarily not work, but you do have more pressure on your margins due to more people being involved making it that much more important to buy at a serious discount, and that is going to be your biggest challenge. 

My state has taken the stance that transactional funding is a red flag to selling real estate without a license.IE they had to advertise the real estate to get a buyer and that using tran funding is a clear market that they had no intention to close on thier own and its part of their scheme to circumvent the RE brokerage laws.I finally got feed up with the is it OK is it not.. and got in touch with our state regulator.. and advertising any property you don't own in our state is simply not legal.. etc.. but then again they only go after folks if a complaint is filed.. they are well aware of this activity..

If it is a Section 8 tenant, you should call your Section 8 representative, explain the situation, and file a complaint. 

Therefore, consider amending prior tax returns or filing Form 3115 - discuss with your CPA.

I have not consulted an attorney, it's a pretty simple transaction so I didn't think it would be necessary to get an attorney involved to draft an addendum.I'm curious if anyone has any experience in adding these types of contingencies to contracts that protect the buyer all the way up to the closing table?