Confirm with title company that understands local transfer tax regs but in most states, even if transferred for a nominal amount there are transfer tax consequences based on the assessed value.

(you say PITI 3k but what about Association fees, Vacancy @ 5%, nominal maintenance since new but still a cost.)$400 negative from PITI.  

A nice fourplex could cost $2M -- and for that money, you could buy a few dozen sh*tty doors in Arizona.But LA isn't expensive just in nominal terms; the buildings are expensive relative to the rent generated.

You can generally identify these fakes from the start as the purchase agreements tend to have nominal deposits that don't align with the represented cash on hand.

Though I don't believe consumer prices will ever recede back to pre-pandemic levels, wages continue to increase https://www.epi.org/nominal-wage-tracker/and inflation is receding and we expect a series of fed rate cuts over the coming year, so although this should be sufficient to prevent recession, the reality is that we can't predict this with 100% accuracy.

Hi guys -I got a property from an auction.We nominated an agent on the buy side, and she gets 3%.

If you have to pay a little extra it should be nominal at best and built into the electrical budget. 

If not then you have to ask yourself if you just passed up a good deal for a nominal sum of money. 

Even if it's nominal, or even if you get no additional rent, working on the place while occupied is cheaper than having it sit vacant while you do that work.

How about getting nominations from local charity organizations ?