Also, per their numbers they are buying for 37 mil, debt 24 mil, equity 20 mil, 44mil minus 37 price = 7 million in closing costs, which is 35% of the total equity, RE commissions of say 4% total 1.5 mil so they are taking 5.5 million in fees up front as well minus the inspections/loan fees etc.

Additionally, lenders may consider various factors such as past income statements from the subject property or income statements from similar properties nearby, managed by professionals.

The idea is that tenants can pay Zillow or any other online site taking applications and then not have to pay an application fee for each property they want to apply to.

I can see that Lizz has included a leasing fee in the property analysis docs she provided, which I assume reflects the lease only service you mention.

I wonder how many of you buyers now pay 2-2.5% buyer's agent fee VS. buy without an agent/ or negotiating a lower fee with an agent. 

With that $800 I would have to pay utilities, plus the management fee is higher than for long term. 

I have short term (12-24 month), 5 year, 10 year, and 15 year projection models...sometimes I'll mess around with longer term (20+ years) projection models, but it's pretty difficult to project that far into the future, because there are so many unknown factors--so, the longer the projection model is, the less I tend to believe in its feasibility...My projection models allow me to make more informed decisions about things like: whether to buy or sell a particular property, whether to refi a property, whether to rehab a property, whether to pursue or abandon a particular revenue stream, how to approach rent increases, how to manage risks, what debt to pay down first, whether a particular goal is worth the amount of hours I'll need to work to achieve the goal, what my goals should be, how to achieve various goals as efficiently as possible, etc., etc.A good projection model will show you not only how to reach various goals, but it can show you all sorts of potential roadblocks that could prevent you from reaching goals (as well as potential solutions to those problems).

So then you're negative in your investment because you had to pay taxes and insurance during your hold period...and maybe HOA dues or other fees....mowing, demolition, etc.   

They can send you a standard CT lease and then you can cruise forums for landlords to see which things you may want to add (pet fees, no smoking, etc.)The fact that a lot of work has been done will help you in a C-/D, but choosing tenants is going to be the thing that either makes or breaks you and it's going to be hard.

Their fee is 9.9% of the total amount we use (for this property we only need $30K so the fee would be about $3K, with typically 0% 12 month term, payments at 1%).Is this typical?