Not to mention there is others out there with GIANT budgets, massive systems, proprietary software to effect big efficiencies, and they can't operate at that insanely low level, there is a reason for that. 

They mentioned he is single and quiet which is ideal for a landlord haha.

Depends on the state but it ranges from $800-1500+ and, as Chris mentioned, we have the borrower pay for out of the gross proceeds of the loan.

+1 to what was mentioned above.

ThanksHas the client mentioned any agreements - past or present, written or verbal - between them and the principal broker?

With property churn and tenant churn, many opportunities exist from large scale design projects to smaller tweaks and "freshening things up".At either group/meeting, mention my name and ask for me. 

Now I have my focus and am working with a couple of out of state Syndication Groups now and waiting on that next deal.

As mentioned earlier, I’d never expect appreciation and only go for cash flow on the multi family.

You mentioned you're reading books on the subject - that's always helpful.

Plus, why settle for a good price when you could wait for a great price?