Quote from @Aaron Zimmerman: I would look for other ways to legally reduce income such as cost segregation studies.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

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

They are far more common now and harder to find models without but:1) these add cost to the purchase price2) they don't bring a lot of value3) they can leak or detach and damage the propertyI own around 50 doors and I cap off the line at the wall or in the basement with a valve and a cap so the potential for leaks is 0.00001% :-) 

Hey Everyone,I have a potential investor I've been working with that is planning to use investors edge for their loan.

How much upfront costs are typically involved in a project before you know if it's a viable project to pursue? 

Full disclosure: I am a flat fee Broker.If you find the right buyer, your total listing/brokerage costs could be approximately $500 (assuming the buyer doesn't have an agent, or the net price after their buyer agent commission meets your goal).

I rehabbed and current value is over $600k greater than purchase and rehab costs.

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

Because you're new, it is a good idea to ask about the brokerage's agent training offerings and potential teams to join to get experience.