The agent's compensation is negotiable and 6% may be more common if that includes the buyer's and seller's agent, but if the 6% only covers the selling agent, then that's a greed reach especially considering it's a 2m+ sale price.

But overall, I agree with you that people who can figure out how to purchase, should because they'll pay similar in monthly expenses and get the benefit of owning a place.

I agree 100% with @Alecia Loveless and we do the same.

@Jason G.I agree!

We met ALL of the criteria for our private money lenders being 'Friends & Family' and they all have agreed to receive email communications from us.

@Raj VardhanI agree with @Evan Polaski regarding the 6-Month Seasoning Rule: Most traditional lenders require a 6-month holding period before you can do a cash-out refinance.

I completely agree with the advice and I'm perfectly okay with not charging him rent.My concern is that by treating this property differently from all the other units in the Series LLC, I may be opening myself up to a situation where I'm weakening my LLC protections even if I keep the financials separate and in order.

., I agree with the above responses about this being a $150 job if hired out to a plumber.

I agree, it's important to really understand the basics and start small to get your feet wet.

I doubt as a society we will ever solve the affordable housing problem our country faces, but there are certainly measures that can be taken to make housing more affordable.