If you have any experience or knowledge in the Memphis area, will you please share your insight as to whether this is a normal fee breakdown or too much.

City won't let you rent out basement, but owner can live in basement.It may suck for 1-2 years, but then you'll have gained so much knowledge you can do better on the next one!

Just a builders risk policy if you are doing an extensive rehab on the property and then a landlord dwelling policy when the property is rented.

Hi @Adriano Triana, nice to meet on the BP platform.It depends very much on your knowledge of the market.

I would consider them to be more of a consultancy than a turnkey provider, and as such I think they provide tremendous value.Of course I could do all the legwork from scratch - research markets and properties, find lenders, get home inspectors and insurance and property managers and so forth - but RTR has already done all that and has far more experience and knowledge than I do.

I've seen a lot of people mentioning reading books and soaking up knowledge to start.

I know enough about a lot of things to be dangerous, but lack detailed expertise and certifications.I will say that I was extremely disappointed with my last realtors lack of construction knowledge so you will have a leg up there for sure, and you should play up that as a selling point

We would like to create a partnership where we are 50/50 partners and he brings the cash and I bring the experience, knowledge, and contacts ect.

Are you able to get an extension on closing to support the timeframe of lender B?

I had zero knowledge when I started, now I'm a full time investor enjoying life, so yes of course I can say it's real :)