.- 50% of 1st months rent when procuring a new tenant.- 10% project management fee for project $2,500+.- $25/hr for extreme maintenance circumstances (ie hurricane clean up)Thats it... neat, simple, easy to understand, AND transparent.

So far my wife and I have accumulated 5 properties in the Baltimore 21213 and all properties are rented.Our next step in our 5 year plan up to now was to procure a portfolio loan form a smaller bank.

Your question touches on who is the “procuring cause” broker.

All I do is procure a buyer.

I am procuring deals right now that are cashflow positive in the first full year.

The most obvious ways of locating foreclosures by getting a list of recent default filing notices or procuring  foreclosure lists may not yield the results you want readily.

-PRJA good and experienced demo contractor in your area is the way to go if you are able to procure the property.  

You must procure a flood elevation certificate, approx $600, from a reg land surveyor or engineer before I can quote.

Once you do decide to procure your first rental, definitely lean on the BiggerPockets community as a resource; I'll also say that it could be worth considering a shot at a software solution built for DIY landlords (1 - 15 units) to bring some automation to the rental management process (just to make things much much easier for you)!

Of course if you could procure a lesser rate than they could obtain on their own, it would reflect positively on you.