Might end up lower, depends on what is wrong. 1 bds have a reputation for high vacancy especially in lower icome levels.Being close by is a plus, will you ever move?

Sometimes it's worth it to pay $5 more to the mower guy because he also goes by with the trimmer and makes the yard look like a million bucks... sometimes it's worth calling a plumber to fix a drip cause even though he'll charge you $50 bucks to do something you can do for $5, it saves you 2 hours of driving and 110 miles on your car.

I have worked with a few of them; although their LLC status is pretty much irrelevant in the accounting side.Talk to a reputable attorney on the matter; however, as Bill Gulley said Insurance is your best bet starting out and equally important as time goes on.

I have the cash to purchase most of the properties that I want to make offers on and I also have a preapproval letter from a reputable known HML that says that I have more than enough cash for their required down payment and that they can close in 10 days.

For example, many realtors would squirm from having to make low-ball offers, thinking the seller or the listing agent would be insulted or their own reputation tarnished.

Otherwise it can get complicated as you really are putting buyers and sellers together, facilitating sales.You need to read your state statutes very carefully word for word as to what requires a real estate license and then don't do those things if you don't have a license.You can be an employee or memebr in a LLC that buys or sells, as a principal, in other words if BAC LLC buys a property and you are a memeber of BAC LLC, you can then be entitled to profits for the work you perform in that LLC.Another way is for you to take an option to buy and then sell your option, this is placing you in a position of havine an interest in the transaction, but those you sell to may have financing issues with this, it also depends on property restrictions or title limitations as beeing seen as sales during a restriction to conveyances, again check and see how these issues are viewed locally.Generally, you can not act as a third party between a buyer and seller and simply arrange or introduce deals and be paid a fee independly as that is a function of a real estate agent/broker.Lastly, it's easy to get a bad reputation amoung Realtors if you're known as a birddog, they will likely see you as unlicensened competiton and expect them to complain and report your activities.

Wholesaling mentor programs do get a bad reputation, but fortunately I only need to find a single good one.

Can you recommend reputable companies for Landlord Insurance?

4) Build your reputation as an expert by; networking, talking at real estate investing groups, posting here, writing a blog etc.

Writing for us is a great way to build your brand and reputation, and could lead to a new flow of business.Just point us to some writing samples, share your background, and get in touch!