My uncle has an offer he pays all development fees and then gives the guy who engineers it all 33% gross cut.

The tenant babbles about a broken down car, hours got cut at work, or whatever his excuse is.

He's worth giving a call.Liron CohenClear Cut Property & Casualty Insurance ServicesO: (818) 495-0494

-"light value add" won't cut it if you want to refinance and get most of your outlay back out. 

The most likely scenario is that his renters will eventually do something that costs him a significant loss, despite cutting them a major break for so long. 

Not to mention lulling me into fearful complacency while I have that money tied up. 

Admittedly, pricing will often account for any major items, and I don't believe this is true in Sandy Springs, but there are some areas that an interstate cuts off a small part of the neighborhood, and so labeling the neighborhood as "good" may be true for 90% of that neighborhood, but if you are in the 10% that is on the "wrong side" of the interstate, it can be a totally different market.

If you thinking there is some "giant" "fat" to cut out of Real Estate transactions I'm sorry it just is not true.

So the 14.75% (15%) is just their cut.

We are still waiting for them to forward a check settling our accounts, months after cutting off business relationships.