Many aren't used to explaining why their services are worth $12,000 (the typical pay for selling an average-priced U.S. home).

Most gurus have their clients journey end the moment they send them the money, they join a facebook group - have overseas VA;s moderate it and provide some old videos that get repurposed.Those who are new and thinking they are creative typically get crushed as they are gambling not investing.

@Adam OrtizRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

These loans are short-term as you mentioned, typically 12 months, so you'll need to refinance before that balloon comes due.

But I want to understand:How quickly do rental units typically get leased?

That is very typical of the "advice" I see given by the students in his group.

They could offer different products for single family vs multifamily so it's a good idea to get with a lender to see what they can do that may not be your typical mortgage type.

How attorney fees typically work in these cases (e.g., hourly, contingency, flat fee)?

If you don't mind me asking, which loans do you typically use for house hacking? 

So yeah, that's even less than that typical 1% rule.