If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.

From there it is really just a matter of determining comps, cost to rehab a property, and your timeline.I have helped several investors flip their first home in Austin and learn how to do it effectively.

This post just remove from your algorithm. 

@Heather Luu first, make it more efficient by only worrying about deadbolts.There is actually very LITTLE additional protection a lock handset offers in addition to a deadbolt.On the properties we manage, we remove all keyed doorknobs and just use passage locks. 

I do ground-up urban infill multifamily development and we are effectively at standstill as far as new projects go.  

Luckily mine was zoned commercial and so the regulation didn't effect me and actually helped as it greatly reduced the supply in the market. 

If it's more complicated eviction.com may be your best bet to use they are pretty cost effective.

Do you believe it will now be more cost effective to hold a license or do you believe the expenses will go up with what I assume will be a flight from the business by low producing real estate agents? 

I want to know is it more cost effective or easier to purchase the property alone and put it in a mortgage in our name or purchase the LLC from him that holds the property within it.

To leverage the equity for financing my next deal, a second mortgage seems like a more cost-effective option.