Depending on what percentage your commercial Lender will loan you against their new appraisal, the usual 70% means that you wouldn't get all your original $85k back  at refi.

You MAY get 1%/m gross in a multi that you also want to live in - not forgetting to subtract the percentage that you miss out on because of your occupier status - meaning that it'll be a fight to find something that'll cost you less per month than if you rented there - but I have confidence that you have the right attitude and foreknowledge to succeed.

Are leasing fees typically a certain percentage  of gross rent or  follow any  other criteria?

I am will to split profit in addition to paying a percentage on the loan amount.  

There are various reasons the project may not qualify for financing:  owner occupancy percentage, one individual owns more than 10% of the units, the community is involved in some sort of litigation (usually construction defect), or the HOA finances are bad (underfunded reserves).  

For a quick answer, I think typically they require you to season your rentals for about six months and the percentage is generally 70 to 80%.

Using gross rent percentages of 8%, 5%, and 5% respectively that would be another $12,960 off of your NOI.

The current HO would be in direct contact with the purchaser to arrange the cashier check for the QC.Yes, we all know there is a 20% or 30% premium (income) , but it seems strange to me to have NO paper trail  - even a 1099 from the county.Dan Mahoney My though on sale off the tax deed to other investors (with smaller percentage) so we can go back to the next auction.  

We don't know the sellers frame of mind, but as far as the agent, perhaps they will give a break on the percentage leaving some more money on the table for the seller since you have gone directly to them.

If there's nothing wrong with the place, the bank probably has a price that they are willing to take as a percentage of the value.