People just need to accept it's smart work, timing, etc. to make millions, tens of millions ( no magic pill).

I would love to JV with someone that has experience in this arena so I can learn the niche or a consultation/mentor fee, whatever is acceptable.

For a rental in many markets this would be acceptable.

Your thesis is basically rent low and accept less desirable tenants so I don't think that is the best thesis to base an investment off.

Unless you're financially prepared to deal with these issues and accept that 'once you know, you must always disclose' defects, I would move on to finding what is truly a good deal - as a good deal is only as good as its bones.  

If a seller listed a home for $100,000 but was willng to sell for $94,000 as that was likely the FMV, it would be the same to him if he accepted $100,000 with a 6% seller credit or $94,000.I looked at the zip codes of lower priced homes in Memphis, Cleveland and Indianapolis and they appeared to perform betterMemphis38105 - Prices were $35,700 in 2016 and now $116,000(220%)38106 - Prices were $21,600 in 2016 and now $60,900(180%)Cleveland44108 - Prices were $34,000 in 2016 and now $59,800(74%)44104 - Prices were $36,300 in 2016 and now $60,400(66%)Indianapolis46201 - Prices were $42,900 in 2016 and now $149,000(247%)46222 - Prices were $39,000 in 2016 and now $127,000(225%)I should mention that I don't invest in Memphis, Cleveland or Indianapolis.

If there is no agreement signed and this person is just someone listed from the broker's database, I do not believe it is acceptable for the broker to collect a split in addition to the house split.If you are to consider negotiating this additional split, there is a lot to take into account here... what is the % of business that you generate on your own vs. how much your broker contributes?

You can also ID potential properties that seller may accept a price 10%+ below their asking price.You should still have my calendar access link in the DM area here, so get on my calendar if you'd like to discuss more:)

I agreed to accept 80% under the City of LA program because I thought it would be a somewhat fast payment and it'd be nice to get the tenant caught up.

The investors accepted it.  3 months later the buyer tried to reduce the purchase price to $2.6M to stiff arm the investors.