But I think we all know not ALL people are rational, and some people / agents / adult-children don't quite get it or hide facts ( fake income statements, etc. )    

I've been looking around for different types of software to use and have had difficulty finding anything that works as a middle man between the landlord and tenant. 

In wholesaling, you essentially act as a middleman between the seller and the buyer, and you must ensure all parties are fully informed and agree to the terms.

They take a comission and are a middle man with the actual lenders.

No middleman PM will ever care more than you; this is your livelihood, but it’s just a job to them. 

Even less rational, would be requesting subcontractors to travel from state to state as random projects are selected, renovated & based solely on individual profit value.

I find most agents can rationalize that and of course buyers will think thats a great fee for their agent really depends on market and how sales are going in Hot selles market you negotiate lower fee in Hot buyers market it goes the other way.as for the OP on a 200k house 1% is rediculous for most agents but I am sure there will some that are good with it..

I’ve seen investors in this scenario pay 12% to purchase a property with an ROI of 8; unless SOMETHING happens they’ve got a GUARANTEED loss.So, why would a rational investor do it?  

He did such; the investors got a rational professional to contact and gained confidence that the trustee would obtain the best results possible.  

However theoretically they will cut out the middle man profit and get a better price..