Here are a few options to consider:- A percentage of net profits: - A fixed fee: - A combination: Perhaps a smaller fixed fee plus a percentage of profits.

Hi hive,I am new to investing and trying to learn from the different options out there.

We overthink real estate...Just find a place that people with options want to live. 

Too many newbies seem to think they can blindly follow "old" advice in today's real estate market and be successful.Many, basically get taken advantage of by those in the industry that have an incentive to keep newbies blind to new realties, just to keep their good times rolling.What many newbies have figured out is that they can't make the numbers work on rental purchases in their states - like California, Arizona, New York, New Jersey, Washington, etc.What they have NOT figured out is that if they go to cheaper markets, they aren't being shown Class A rentals to buy.

You should reach out to @Melissa Haworth she can get the actual numbers/rents on STRs in the area to help run your comps.Each building is different, each area is different, it is important to find accurate data to make good decisions.

@Eric Johnson welcome to the community 😁

We are asking the current tenants to leave as the property is not in optimal condition we like to have our rentals and we would like to fix it up to increase value and rents.

Welcome to BiggerPockets!

Yes, you are foolish.At 100% things can not get better and only go wrong.

for me it was income potential of earning commissions instead of salary.so at 18 I got my RE license.. and while it was a bit of a chore getting going as it is for most agents..