That's $625 a month not going into my pocket during the hardest months of the year to rent out property, this apartment will probably sit for a couple months, so I certainly didn't make the decision lightly.There is more too it than just the complaints and lack of respect for my time, certain mannerisms and things he has said that make me uneasy, things hard to describe and quantify.

I would pay them a visit in person before I would invest with them, but I'm pretty convinced that they are a first rate organization that's run by a respectable family.

@Justin Maynard With all due respect, your title displays "real estate investor".

Turn key is full service with lower, but respectable returns.

I'm confident I can find good language for all the recommendations I've learned about on this site- wanting to know if anyone else has-- I respectfully disagree that it is common to spend $2500 on a commercial contract for a MF property as small as 18 units.First of all, submit a letter of Intent.

http://www.irs.gov/irm/part7/irm_07-027-008.html Deductions Under IRC 514(a)(2), the deductions allowed with respect to each debt-financed property are determined by applying the debt/basis percentage to the sum of the deductions allowable.

Sometimes there are restrictions on foreigners with respect to how much property and for what purposes which may differ from a native buyer.

The broker could allow/assign a listing agent for the seller and a buying agent for the buyer (both from the broker's agency) and each would have fiduciary responsibility to their respective clients.

The banks were screaming bloody murder when unregulated mortgage brokers hit the streets and it took about a decade just to have a broker get a license, now, the broker is held to almost the same banking standards in may respects, so that is a big plus for banks to get these small brokers off the streets, for most folks it means if they need a loan they'll have to head to the bank.Scruggs and other seller financing gurus brought much of these new requirements on seller financed deals, if there hadn't been scammers with the rinse and repeat set ups seller financing probably wouldn't have gotten hammered as it did.

We want our tenants to be happy and long-term, and in return for good service on our end, we expect them to be respectful of the property, their neighbors and pay the rent on time.