I would want to get MORE from the seller than that in a concession so that I have an opportunity to end up ahead for the extra work, hassle and risk. 5.

I have $70K of my own money I can use as a down-payment, but am looking for someone to finance the rest ($280K) as I'm a real estate agent and am having difficulty securing a loan from a traditional bank in a timely matter.

An overlay is an extra rule that banks put ON TOP of Fannie/Freddie loans to make themselves more conservative on their lending. 

Yes, tenant management software will save you time in the long run and allow you to scale without difficulty.

I see many people complaining about needing private or hard money lenders because of the difficulty with renovation loans or bank approvals, etc.

So let's say there is no value increase, but you pocket an extra $1,100/mo in income.  

Have you ever had difficulty getting a loan with poor credit?

The extra money over and above your payoff must be paid to your borrower, or to secondary lienholders if there are any.

I also pay for performance, meaning if my selling realtor gets my full net-price or better, I bonus them an extra .2% (which would be $2,400 in this example).

Hello,I am currently located in the Denver, Colorado area, looking to start doing some fix and flips to generate some extra income and eventually transition to a full time real estate investor.