Attempting to wrap my head around the principles of "why".

You can do a simple web search to find brokerage firms that will hang your license for a flat fee verse a % of every sale/purchase but you won't get much assistance from them and I am not sure exactly how "legal" all that is.Other things to consider, 1) there is a fee to have access to and be able to list on the MLS, 2) I think the state requires you to carry or it would be a very good idea to carry Errors and Omissions insurance commonly called E&O insurance 3) if you plan to tour properties, you will need to get those electronic keys that agents have and I am guessing there is an annual fee associated with that.Those are the big ones I can think of off the top of my head.

I used to work in condo association management and used KSN Law for those types of issues.

@Jim Sestito Wow, you really hit the nail on the head with those assumptions Jim.

I received 250 dollars off closing costs once by opening a checking account and went a head and used that account to hold rent deposits from that purchase.I once read a story off BP were a guy was told he MUST open a checking account to close a mortgage by a community bank.

Line 520 is Not the total of the mtgs or the shortfall in the payoff.Your title co. or closing attorney should be the one filling this out....they know what they're doing and do this every day.Also, not sure sure why you are calling this a disclosure form, it's a closing statement which shows all costs associated with the sale and the Net to the lender.Do you have a negotiated pay off number from the 2nd?

I don't know whether to burn it down and start over, or if I'm headed in the right direction. 

I'm in over my head...Need help with analyzing, negotiating, etc.Anyone have a few mins to chat by phone? 

Once your portfolio grows, you are required to list 4 comparable non-section 8 properties you have and the associated rents on the Section 8 paperwork.

When we asked him to come out and fix the electrical problem our new electrician told us about -- a problem he had caused, he added back the $15,000 to our bill and told us on a Friday that if we did not agree to absolve him of any further obligation it would be payable immediately as of Monday at 5 pm.