This cost a little over $9,000.

It's an expensive process & takes time esp when they have to 'wrap' the building etc.One of our family members in commercial REI picked up an abandoned home adjacent to one of their commercial sites & it cost a lot of money to remediate the little POS before they could tear it down (& it only had asbestos floor tile throughout).

Don't credit any rent toward the purchase cost as that could convey equitable interest and bring Dodd-Frank and the SAFE Act into play.You should only need to foreclose if you are financing the purchase (not wise under Dodd-Frank) and the buyer defaults.

Desk fees can range from $100 a month plusE&O insurance is about $100 per transactionCommissionsI put this last because you should really be focused on the above questions.The money will flow when you start putting deals together.The more deals and education you have the more money you will make, but there is a learning curve and the brokerage needs to be rewarded for that effort.There are Brokerages that offer a 50/50 split to new agent and there are offices with only a desk fee of $100 a month, so nearly 100% commissions.The difference is that the 50/50 split office will hold your hand and offer way more training and possibly some leads and the $100 a month office considers you an experience agent that only need minimal assistance and NO lead generation.I hope you find this information useful and if you need anything else please reach out to me offline.anaheim, brea, costa mesa, coto de caza, cypress, dana point, fountain valley, garden grove, huntington beach, irvine, la habra, ladera ranch, laguna beach, laguna hills, laguna niguel, lake forest, mission viejo, newport beach, orange county, placentia, rancho santa margarita, san clemente, san juan capistrano, santa ana, stanton, tustin, westminster, yorba linda

Typically if it's stabilized or if you have leases, we can go up to 75% - 80% LTV, but we'd want to take a look at the total cost as well. 

I work in Costa Mesa, so that's about as far as I'm willing to commute.

We turned 9 units, 8 of them probably cost a total of 1000 bucks ,all covered by security.

@Roberto Costa Great, we are so happy to hear you are enjoying the service!

I imagine it would cost a few hundred bucks to pay a professional to draft a contract for you and IMO that is money well spent.

Yes, maybe filing taxes yourself might be a little more difficult, or using a tax professional might cost a little bit more but a little more time or a few extra dollars every year to prevent a total collapse of your portfolio is more than worth it in my eyes.