If you do a deal once, assigning contracts it's not an issue, if someone is running around and doing the 15th deal (example) they pull the facilitating phrase out to be applied.I agree that you are selling an option contract and not the dirt, but you might consider viewing it as facilitating the ultimate sale by using a method that is being implemented consistently with the expectation is to ultimately transfer title.You might also look at "net listing" issues, not saying it applies, but agents have to ensure they are not engaging in some method or systematic contractual transaction that nets a fee for services or facilitates a sale above the price received by the seller.

It sounds like a great idea, I can own a beach property and somebody else pays for it, but in reality its hard to pull off and most people are negative cash flow whether they want or not.

I will probable have to pull out the walls and ceilings and take up the floor in the kitchen and dining area.

Do you say okay and end the conversation or to you, gently and tactfully, say that is more than you will be able to offer and was thinking something more like $60K (So you can come up a little)?

We now have quite a bit of equity and I'm looking to refinance and pull some cash out for another deal.

We can likely pull in rent for around $875-950 a month from the other unit.Our logic.

Can I not pull together money from the Bank of Mom and Dad to get this loan?

Hoping @JonHoldman has an idea for approximate cost to pull this off.

Besides, she is only looking to pull $75,000 (hopefully more) but the property is worth close to $500k so I don't see why it would be necessary to do an interior appraisal- just a thought.Thanks for any feedback-Beverly

In some markets, a lot fewer deals.A better way to look at it is if your considering a property and you can't get 2% of the purchase price in rents, just understand, you may have to pull funds from other sources to cover vacancies and repairs.