I would hate to see you set yourself up for failure and tarnish your name on your first deal.

If it's doable, one of us here has already done it....with success or failure and you can learn from both.  

But even without doing a listing agreement you can be upfront that you have no intention of actually buying the house and the purchase contract is just a mechanism to avoid being an unlicensed broker.  

You have to want it bad enough to stick around after weeks and months of failure which many investors have gone through at one point or another.

I'm a mechanical engineer by trade but ive always been interested in real estate.

Are you looking for how to set up the finance side or how to set up the mechanics of it?  

He got one of the owner's daughter pregnant so had assumed a perceived 'right to abode'.Although his work was barely acceptable we needed him to familiarize us with all the mechanicals & idiosyncrasies of the 6400 sq ft ('60's era) building & outbuildings.

Did I say he was driving a beater car with mechanical issues. 

In the end, it was worth it, however the failure rate of the other crowdfunded projects approaches 90% or worse.

We pay the General on a draw schedule just like the Subs... you can also make out the checks to both the sub and general and then let them negotiate them.In Oregon its critical because properly filed mechanics liens are super liens they step in front of the bank..