The first deal is almost always a "learning experience" and can actual cost a lot and make very little.

I believe I read that you pay for their initial closing cost as well yours.Also I have had them pitch a house in a flood zone for $20K more than my agent had it listed for and argue with me that it was not in a flood zone. 

what i would do is i would invest in an inspector to check the integrity of the inside and to do infrared to see how bad it is which can cost a few thousand(5k~) if it doesnt look so bad then do spot repairs. might be a big hard upfront investment but if you can profit 12k a year, reinvest it in the loan principle pay down, renovations, and good tenants then this property can be a good one. well at least from the information from this post.

Hey @Mark Costa.

It should cost a few hundred dollars and put your mind at ease. 

@Dee Jay it depends on what your doing within the exchange as commercial properties tend to be higher but if you're just doing a SFR for a multi unit the costs will most likely be in the $1,000 to $2,000 range.Also, as @Dave Foster mentioned if you are having a local attorney do it for you it will cost a little more.

I built a spreadsheet to help me analyze properties in this way when I house hacked my duplex last year; happy to share it with you.Also, Costa Mesa is a great multifamily market!

This friction cost has been estimated to cost as high as 13-18% of the market value of the home.1031 Exchange: You could try to 1031 exchange each home you own but managing that many transactions probably kill you.

Typically costs me about 4k to cash out refinance a property unless I do a HELOC and then there's usually no cost.  A

They can give you average water usage per adult or child in the aggregate and what that means for cost.  As