So, your comments about possibly taking an upfront $5K "fee" and a backend "cut" are confusing.

- What is a standard management fee?

You all seen my data, seen the evidence seen my leads pouring in and ...Now you have seen my checks:All these are Wholesale assignment fees!

I’m just curious, what was your biggest wholesaling fee, and how much were the taxes on it?

Lots of wholesellers are just reassigning contract to buy a property to buyers instead for an assignment fee.

There is a lot more paperwork for these traditional mortgages and they will probably take 2-4 weeks longer, but you could save quite a bit in fees and rate.Otherwise, DSCR or a commercial loan is the way to go.You may be engaging in overkill if this is your first property and you are trying to put it into an LLC.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

In my mind, the agreement would look loosely like this: The option buyer pays an upfront fee to the option seller, giving the buyer a right to buy the property at any time between now and a certain date in the future, for a set price.

But they dont want down payment or percentage of loan amount, they want 3500$ FEE UPFRONT.

If the payment bounces, you apply the late fee (if any) and require payment of the full amount in certified funds (cashiers check or money order).