There are a variety of guideline requirements we have to consider based on the property itself or even the loan type.

The information shared is based on my experience and industry knowledge and should not be considered legal, financial, or professional landscaping advice.

@Peter Mckernan Copy.... it's a "% based payment" off scope of work. 

Everyone else is transaction based and walks away with the commission when the deals closed.

Based on the growth in that area, I suspect I will be able to refinance within the 5 year window and not require any cash into the deal. 

We're willing to live almost anywhere in the greater Sacramento area based on what we can afford, provided of course that the property is in a decent neighborhood that has a good chance of attracting responsible tenants.As for budget, I believe we could get a conventional loan for properties up to $600k, but my strong preference is to find a distressed property (or seller!)

So it would be best for him to first understand how this would impact his taxes and estate planning then structure the sale based on that.

I've been giving lots of thought buying a lot for build and sale of a SFR, and would like to touch base with like minded folks.Thank you,Shawn I was in the 6 month program and paid $5000.

Some agents will not take less than 3% no matter what, others will adjust based on the deal. 

I'm a former general contractor and cabinet maker based in New York City.