I did the analysis on my portfolio over the last 7 years and the difference is only .8% (21.5% versus 20.7%).

I don't really get the mentality of paying more to rent versus owning the same property.

Should be paid off in 19.8 years versus 30 years.

I'd wager they take in a million or more a year.I just got a contract back at a roughly 25k purchase price.

Are you able to get a conventional rate with only 20% down versus 25%?

A professional management company keeps detailed reports on those size of buildings.The bigger you go up in building size the more chance it is professionally managed instead of self managed.The benefit is usually better records are kept on multiple sets of data for a better analysis when you buy.For keeping this detailed info the seller usually wants a better price as more data can be validated versus a seller who has some data but not all you need so you have to price lower for unknown risk factors.

Otherwise it is common to apportion by: 1. the breakdown of land versus building from the assessment(not preferred) 2. 10% for land 3. 15% for land.

The per transaction fee works best for the agent instead of the monthly unless you do high volume.Example if you pay 1,000 a month and 100% commission you would need to close 4 deals a month for a 1,200 value versus if you paid 300 per transaction and did 2 deals a month you would only pay 600 a month instead of 1,000.On the low split starting out you can do small deals say a 20,000 house and save the larger priced deals for after you have gotten your first few deals out of the way.This is what I did as an agent years ago to get the small ones to close first so that I gave away very little.I haven't accepted agents in awhile.Too little money for too much work.

It is a vacation to manage versus managing an APT complex.

But if you have the liquid assets already, this is a great way to do it, as your cash purchase offer will go to the head of the list versus other investors that are using some sort of financing on the front end.2) Get a 1 yr rehab loan through a local bank, then refinance out to the conventional loan in 6 mths when you've been on title long enough to permit the refinance.