I am in the process of finding a new management company, and came across a contract referencing "procuring cause".

Most of the investors who procure these types of deals spend considerable money on marketing (websites, mailers, etc.) and spend lots of time following up leads--they work hard at their business.

Currently, they are willing to put forth the cash necessary to procure a commercial loan (100K and 85K respectively).  

Typically a leasing commission for both sides is between 5-6% which would be split if there was a listing and also a procuring agent.Leasing space to tenants isn't always just about money.

In my experience, 15-20% markup on labor + materials is what you can expect from a "retail" GC, where the GC provides full-time on-site management, purchases/procures all materials, etc.

I am posting this because I want to thank Josh for creating such a valuable resource for all of us that it enabled me, in Arizona, to find an investment partner from around the world.

Even if you haven't paid off much of your mortgage, the rise in the value of your property since you bought it, could give you the equity you need to refinance or procure a line of credit.  

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

It enables him to keep living there for free.

If you find a great deal jump on it. regardless if its your home or rental property. if you buy a rental property first it shouldnt hurt your ability to procure a mortgage on your primary home as long as the investment property does cash flow. before you do anything speak with an experienced mortgage broker to set you straight.