And because the condo market seems to always be softer than SFH, the negotiation can be easier too during purchase.However, I still keep an eye on the condo fees for the longer term.

You plan to oversee the PM intensely for the first few projects to ensure things are done the way you want them to be.If you can do those things, hiring a PM is not a bad idea, but given that this person replaces you (to a large degree) in the project means there is a lot of risk if the person can't be trusted or doesn't have the skills necessary to do the job.As for going rates, it's whatever you negotiate.

He advised me to negotiate a deal with the lender.

I've been analyzing some deals and the possibility of using Homepath financing.I know and have looked up the basics of the Homepath program but wanted to hear from BP nation your experiences and thoughts.Also, has anyone been successful in getting the asking price down significantly or is negotiation limited because these properties are government owned?

My last 3 SS I have helped my clients aquire I have had to send comps to the LA/Negotiator to forward to the lender because the BPO was too high.

I am thinking I could bypass the "owner" and negotiate directly with Fannie Mae.

of obtaining a LOC from a local bank Looked at over 40 properties for possible rehab or rental.Spent 3 weeks going round and round with HSBC on a duplex only to end up where we were 2 weeks go with negotiations-even after they called "highest and best".

You might try and negotiate for the scrap you don't want as a means to get a better price.

We were able to negotiate the price down significantly.

We keep all of our negotiations in house.