For context, I'm based in the SF Bay Area in CA and looking into buying my first OOS rental after house hacking locally for 10 years.

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

I am based in Houston and currently embarking on my journey into the world of real estate wholesaling.

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From someone asking for help based on the success they saw us having. 

Looking at your question the proper guidance will greatly vary based on the contract your current PM and you have. 

Since you said you don’t really need the cashflow because you are sitting on huge reserves do the math based on income instead of cashflow.

You’ll face hurdles like maintaining a steady deal flow, securing funding, managing renovations efficiently, and optimizing your exit strategies.This guide highlights key strategies for investors looking to transition from single deals to a scalable, volume-based distressed property investment model.1.

they took options on the dirt subject to plat approvals.. then marketed the property to builders.. why they need me is that these projects require 500k to 1 mil up front to get approvals and thats what we provide.. our return is high based on risk.

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.