I don't think your strategies work in the NYC and surrounding boroughs market, the price points are way out of control and if you are a newbie the sharks are already consuming all the market.

I'll echo what others have already said: I charge a minimum commission on cheap properties, and that can vary according to how time consuming I anticipate the deal (and sometimes the client) will be.As a broker, even I will agree that a great many agents are grossly overpaid, and marginally competent at best.

Prior to that I have had careers in consumer finance and investment management. 

I have a full time career as an engineer in a large processor manufacturing company in Oregon.My goal this year is to be more active on the site besides just consuming every podcast in the archive.

I'm wrapping up a remodel on my home (it's going on the market in the next week or 2 - decided to do the work myself and won't be doing that again) and it's consuming my every waking moment but after that let's set something up.

I've spent the last 3 months voraciously consuming all things real estate.

The industry is so ripe for discussion with all of its: negative stigma, tenants/toilets/trash, fee-drivenness, landlord friendly, investor driven, technologically evolving and legislatively active...environment.There's the historic landlord and agent PM legal agency relationship with a traditional scope of service, duties/responsibilities between LL&T, evolving retail/consumer trends/expectations, etc.

They never have to deal with entitled high-maintenance tenants who've only ever lived with mom and dad; tracking down late rent from the same person over and over; crossing town for showings only for the person to flake; going through the work of calling all references for multiple co-tenants only for the accepted applicants to back out 30 minutes before your holding deposit meeting--after you've crossed town to meet them and gone to Kinko's to print all the documents; tenants who give you stink eye while you're in their apartment to fix a light switch (only 2 hours after they called to report needing a repair even though you live across town), etc. etc. etc.  

Nearly everyone has a social media profile https://www.statista.com/statistics/273476/percent...and they spend an average of 5 hours a day on their devices. https://techcrunch.com/2017/03/03/u-s-consumers-no...Now, someone can either look at this data and say, "nah, that will die soon." or "social media is terrible, it's ripping apart society", "social media will have no effect on business" or "con artists and marketing teams have figured out how easy it is to use social media against you" and leave it at that.

The rationale behind this process is that this gives us a good cash flow for a long period of time before having to find and place another tenant, a process which can be costly and time-consuming in some markets.