Excise taxes will kill you if you double close.My fee is never a percentage - smells too much like 'commission'.I only wholesale properties that aren't a fit for me though.

Backyard cute but small.ARV - $340,000 MAX Comps1. 20 H ST SE 98002 sold for 349,950 on 12/2016.2. 3324 M PL SE sold for 325,000 on 7/20163. 14 J ST NE sold for 300,000 on 11/2016.Arrears - $30,000     (plus 181k left on note)Rehab - $35,000Profit - $35,000Fixed costs (CC both ways, excise) - $12,000Holding (6mo) - $3,000Wholesale fee - $4,000This house is in a hot neighborhood, does not need realtor help whatsoever.340-30-35-35-12-3-4= 221,000 max offer to sellerPictures:

If you try and circumvent their system, the fines for being out of compliance are levied on a per-day basis.On a positive note, they've run all the slum lords out of town, and yes - they just passed a new resolution over the summer that raises the bar for long-distance owners.

(c) The department shall be entitled to recover the costs of investigation, in addition to any penalty provided according to department rule as part of the penalty levied pursuant to the citation.

Originally posted by @Levi Thornton:... 

Levi has it.

@David Levy, on top of what @Marcus Johnson wisely pointed out, I remind you that in order to buy that Studio for $140k using FHA guidelines, you would be required to live in it yourself for at least a year ie. no rent forthcoming!

Levi Thornton That actually is a great idea!

@Jay Hinrichs @Levi T.

@Levi T.