Purchase at least as much as your net sale (contract price minus closing costs and commissions)2.

It can be challenging to find these reduced prices as many industry professionals are primarily focused on selling pre-sales due to higher commissions and less work involved.

I then run all the associated numbers; ARV(using MLS comps), repair estimates, closing ,title and commission costs.

I’ve been quoted monthly fees from anywhere of $100-300 USD monthly fee plus optional services if needed plus 20-30% commission for bookings.

Anyone that has driven the Pacific Coast Highway has noticed there is ample vacant land, but the California coastal commission ensures that much of it remains undeveloped.

And even if there were midterm rental management companies, I wonder if the increased commission they'd take for higher turnover would eat into any gains you get from the medium-term model. 

Do not do this in the bad neighborhoods or you'll get a squatter.Property managers are paid commissions, not for their time, so they smartly use the most expensive vendors who respond quickly and do the job right the first time and then add a commission to the already highest price.

The condensed issue centers around decoupling of agent commissions, or no longer allowing seller's to pay the buyer's broker. 

However, in my market a nice unit can easily collect $120,000+ in rent (not taxes, fees, or other pass through costs) and when the locals demand 35% commission my 20% is a steal and isn’t a whole lot more work for the 25k+ a year I’m making per property.

I hire a college graduate in mathematics, who has a sense of humor, can pass rigorous background check, has perfect credit, and has desire to learn sales. 2. no mortgage company gives free leads3. mortgage loan officers do not get salaried, we are 100% commission.