You can determine what a decent salary would be for someone in your market and then reverse-engineer to see if what you're paying as a salary, plus the projected performance commission, will get you there.

This is my smallest property but the biggest PIA to get lending on since I can't shop it to Fannie/Freddie and competitors.

Do you have a rent roll for at least the last 2 years, so you can see how it has performing?

It’s always good to shop around or even negotiate a flat fee if you plan on doing multiple deals. 

AND have provided the 150 hrs of material participation and not have had any other person perform longer work hours than you.

If the city ever wants to add sidewalks or run utilities underground, those homeowners will be out of luck.PS: I have never seen a juridisction pay to remove items in an easement or compensated owners for performing work in an easement.

If the guidelines are clear before they sign the dotted line, there is a mutual respect, and a good vetting process is performed I think I can minimize tragedy.

We will continue to observe the performance of this property and eventually will build a second house next to it.

If you’re nervous, dig into local investor clubs.. from what I’ve heard, even in London you’ll find groups meeting over coffee, talking shop, and sharing leads.

Shopping around, I also spoke with a second lender.