@Jessica S. Have

Shave a little off the top for your eggs and bacon?

Every market is different in so many ways that using it as even a guideline can do more harm than good.Bottom line, learn how to estimate rehab, analyze markets, and analyze deals on their own merits...and above all, never argue with the numbers.I'm drinking HALF & HALF Working on one that is pure cream! 

Personally, if I were to assume ownership of a rental property tomorrow, I would do a criminal background check, employment verification and determine whether or not the potential tenant(s) have ever been evicted.

I guess what really still chaps my *** is letting me bid $50 higher while shaving thousands off my bid with a double commission. 

I don't like overpaying for anything, from an ice cream cone to a new rental. 

This might include inherited property where the owner(s) have already completed probate process or received via distribution, admin or deed from trust.Your post does not sound like someone about to burst if they don't take action.

They'll require you to turn the transaction over to another agent in the firm.Most brokers will also not allow you to shave your 3% commission off the deal.

PICK TWO, BECAUSE YOU WILL NEVER GET ALL THREE.On top of the above make sure your unit(s) have smoke alarms, commercial (re-certification capable) fire extinguisher, carbon monoxide detector if needed, and SHOW your tenants where to shut off the water supply.

(Full disclaimer:  I'm not sure how appetizing tomato orangecake is, even with ice cream)