I was signing some paper work and I noticed a clause that basically stated that if the broker does not collect a 3% fee from the "seller" then the buyer is responsible for paying the difference up to 3%....I've just never seen this before...i've only worked with a hand full of realtors though.1) I thought that seller pays realtor fees normally...is this not the case for REOs/Foreclosures?

I am able to collect a referral fee on listings I give to other agents which is nice.

Collecting all the information needed for your returns is the hard part, actually recording the data on your return isn't difficult to understand.

If there is a collective agreement to dissolve the partnership the property will be put up for sale and the profits will be split 50/50.

That person collects the rents, pays the bills and disperses the excess as directed.

True...thing is I know that there are a few properties listed in the name of the individual who has defaulted and they have furnished profit/ loss statements etc because they are self employed...mysteriously they have not listed any other assets ( including the apt building that they are collecting income from that I already found about prior to contact) and I understand how the "game" works, I wonder what others have done when presented w this kind of issue?

I have collected some initial data and presented on research that is based on tenant self-reports, but I am now interested in getting real-time business data.I am looking to collaborate with a larger scale landlord(s)/property manager(s) who are interested in helping me collect unidentified but matched data on screening outcomes, screening decisions (acceptance/rejection of tenancy), and basic questions about how the tenant behaves and your view of them as a good/bad tenant.My hope is to build a data collection process into at least one, but hopefully a few, screening processes, and collect data over a year, resulting in a research presentation/paper I can share.If anyone is interested in talking more about this, please PM me.

One of the applicants has 8 collections and another has 1 collection.

you can have the tenant provide the form already filled out and you just need to verify accuracy, and sign it. unless they paid rent in cash, then you needed to provide them with receipts, if you are in TX, do you have a manager collecting for you anyway? 

I don't expect to have huge success out of the gate, but don't want to lose our collective shirts either.What has been your experience when starting out?