A semi-rural small studio here just went for $820/month & I can't believe what some 3rd world equivalent apartments are renting for.Homes around us are selling quickly & junk foreclosed homes that we have been through are going for above asking ??? 

The term "cash revenues" shall mean all income resulting from the operation of the property, including but not limited to all rents and other sums deposited including, parking fees, common area charges, percentage rents, operating expense, real estate tax, and insurance premium reimbursements, late charges, security deposit forfeitures, and insurance claims proceeds" 3 Construction Supervision: Agent shall be paid a fee of (10%) of the total costs of any and all Tenant Improvements, Repairs, or Renovations for coordinating, supervising, and contracting for such work on behalf of the Owner.4 If  Agent is successful in obtaining a real estate tax assessment reduction for the property or any part thereof, Owner agrees to pay Agent a fee equivalent to fifty percent (50%) of the first year's real estate tax expense savings realized by Owner as a result of such reduction.

That last one is basically the equivalent of a 20% downpayment in Long Beach, wow.

It's the rate or return that is equivalent to a compounding return.

Thanks man, this helped a lot, do you know any other type of real estate that is equivalent to wholesaling?

@Nick Wilkinson no, liquidity is *cash in the bank or some equivalent* that you can *easily/quickly access* (cd, stocks, money market acct., etc.).

That's equivalent to a 10% interest rate on that additional cash.In this case, try to access that equity without refinancing the original loan, you'll likely get a better overall interest rate.

@Brian Sullivan I'm not an attorney so I'm by no means speaking from a legal perspective and I'm of course not in NC, but from basic knowledge, if you have a real estate license; equivalent to being just an agent, you would need to work under a RE Broker, however if you have a RE Broker license then you can work independent of anyone else.

For example, the yearly tax is $2000 less than a nearby comp with slightly higher square footage, and $1000 less than a close comp of equivalent square footage.

I plan on getting one more quote as i had 2 and both gave relative equivalent quotes.