Looks like you are going to profit $150K after commission and closing costs.Sounds like a good deal.If you think the multi-family duplexes are going to bring the price down.

That means it can be challenging to find someone who is super motivated and professional, especially if they're not seeing larger commissions from these deals.

I've worked for several PM firms in the area and one company stole like 30k in commissions from me when I no longer wanted to work at their god awful company.I can definitely advise you on some property management companies to stay away from, as well as some new and upcoming property management companies in the area that are taking a more hands on and professional approach.  

For RE agents/brokers  ( of which I have been one since 1975) and derived my living from making commissions all those years.

So, the tax man will take a chunk in addition to your costs to sell (commissions, etc). 10.

Enjoy making your dog **** 3% commissions while I make $10k, $20k, $30k for 2-3 hours of work! 

Value $900,000; $600,000 debt, $200,000 basis; 7% sales commission, only him- mother is deceased- $250,000 cap gain tax free, $70,000 sales concessions or repairs, capital gain tax on $550,000 less costs,  etc etc.  2 out of 5 year rule, can he live in other buildings?

The values listed may not match the total acquisition cost, but the proportionate ratio between the land and improvement values can be applied to the final purchase price for income tax purposes.Commission a full-scope land appraisal: Another option is to commission a full-scope land appraisal.

when you buy a property you'll have a down payment, closing costs,  rent-ready costs, costs to get set up with a PM, a commission to place a tenant...

and did you pay a RE commission ?