Some will charge a percentage each month but also a start-up fee, a leasing fee or lease renewal fee each year, administrative fees, maintenance fees, etc.

The Small Business Administration has loan programs for this with as little as 10% down and up to 25 year term.

Well this thread is old, but what you need is a good architect; i am currently developing 2 parcels in Topanga, and i can recommend you a good one who is expert with the administration.

I do all of the administrative and rental management and I don't hire a cleaning crew, I find one person to be the on the ground manager, contact,  and cleaner, @Sundeep Amin they can easily turn over sheets and stuff in time if you set the checkin/checkout window correctly.  

Many administrators/custodians have education on their website for free discussing different points.  

@Brad WallaceYou would need to ask your current 401k administrator, but in all likelihood your funds are trapped in that plan until you leave the company or reach age 59 1/2.401k plans can permit an "in-service" distribution, whereby under certain circumstances such as age, length of service, etc., you may have an option to rollover funds to a different IRA/401k of your choosing.  

I called the administrator of his trust this morning to see if he could get in touch with him on my behalf.  

Usually the title company charges a small administrative fee for the service when they have the policy for the purchaser/bank on the transaction.

I will disclaim that I haven't seen the podcast but that strategy may be worth trying for a larger company who can absorb more administrative costs (solid operating agreements drafted by attorneys, separate accounting, separate checkbooks, etc) but for most people on here the costs likely outweigh the (potential) benefits.Feel free to reach out to me if my thoughts are off base or if you have any questions.

If you want a residential mortgage with a lower down payment, you will need to find a 1-4 unit building.Commercial real estate financing is different creature - larger down payments (25 - 50%) are normal; lenders will look for experience; owner occupancy means nothing; and you the borrow will usually be responsible for the lenders up-front costs (read originating/administration fees).