They can help you find discounted deals, which is important if properties in your market don’t easily meet the 1% rule.After connecting with an agent, ask for referrals to property managers they trust.

This also leaves me with $3,750 stuck in the deal (not including financing and closing costs, which could easily add another $20,000).In total, if I had to include closing costs and financing costs, I’d have about $23,000 (if not more) tied up in the deal and lose close to $700/month before accounting for expenses.

Or even just use the FB group where people bring deals for a finders fee, you evaluate and then pay a % to a TC to help close the deal.

We find that they're easily 50% above LTR here in the Austin area.

They EASILY paid $30k extra to get seller financing with $150k down.

I have received other quotes for insurance and they were able to go with a replacement cost closer to, but still above, the property value (thus, way under the $2M evaluation).

You don't typically don't want this, as this is the lowest evaluation.2.

With $150K, I could easily put together a portfolio of 6 rent properties from deals I see every week, including last week.Just get started.

@Vincent WeselakIt’s a good idea to get an estimate for your insurance costs upfront since this can vary based on the property type and location, and it’s a key factor in evaluating your cash flow. 

As far as whether to approach them with or without an agent - approaching them directly without an agent can save the seller probably 2.5-3% of fees, which give you some room to negotiate on the price, but you need to be confident that you are capable of evaluating the property value, estimating on the amount of work that is needed, knowing how to negotiate/ structure the deal, and navigating the closing process.