I would pay a contracted fee each time they put them out, then give a little piece of each deal procured by the sign.  1099 them for sure if they earn more than $600 per calendar year!

I really appreciate it, so if the property is procured using traditional funding, then is my understanding correct that the interest would be the the only mortgage component considered for the NOI?  

Your ability to procure good properties led you to this point, not your ability to hang 50 feet in the air with a chainsaw.

As a HUD authorized Brokerage in Florida, we assist Investors in procuring both HUD and non-HUD properties.To that end... if you want to be successful, one of the things you need access to is a great Title Company to do your closings.For years, we have been using Jordana (Dani) Angles at Central Florida Title, LLC, the Manager of their Clermont, Florida branch.She has been doing HUD closings for 20 years as well as all the different "flavors" of deals that investors can cook up, and does it quickly and seamlessly.

I work for a few strong investors, who involve me in transactions even if I didn't procure the sales, and they do this without my insistence.

Seems like California appetite is larger than ever out here...always curious to see where folks like yourself are buying properties, and who you are using with boots on the ground out here to help you procure them.Best of luck!

Banks that are governed by Fannie and Freddie aren't going to loan on a foreclosure, you need to find a hard money lender in your area that can help you procure the property at the auction. 

@Joel Owens Although that's true, you and I both know most brokers will not press the issue if they can't prove they were the procuring cause.

Section 1101.002(1)(A)(viii) of the License Act requires licensure of those persons who procure or assist in procuring prospects to buy, sell, or lease property.

I have made an alliance with a trustworthy Real Estate agent and even procured some tentative future financial investment.I have done “driving for dollars” and picked out several “farm areas” here in San Antonio and had numerous, vigorous comps done for me.