I have an apartment building with a 1/4 acre flat lot that has had nothing on it since the beginning of time and the city will not let my put anything on the lot because they said the building to parking area ratio prohibits even making the area a parking lot.

I love in the Southwest suburbs of Chicago and currently own ons 3-Flat in Chicago and two larger multi-family properties with my Mother in Milwaukee and Bloomington, IL.

Prices won’t tank here, but they may soften more, and be flat for awhile.

A couple options could be a flat per unit fee like you mentioned, or perhaps a revenue share model where you get a small percentage based on the number of units that sign up. 

I myself am a newbie but I've been eyeing the market around the DC area for a while now.Personally, I've seen the market in this area remain somewhat flat over the past few months.

From my perspective, I find myself asking why would a landlord willing disclose more information that wasn’t apart of the sales agreement unless this is some type of legal requirement or was baked in to the offer.

I once sat in a meeting with the Assistant Director of HUD and property managers brought up multiple scenarios and he was caught flat-footed.

We do 4 inspections per year (although we have paused them during COVID) and that is baked into our fee but there are PMs out there that charge for those inspections.

I've just closed on a two flat with an illegal basement that's already fully-furnished. 

Or consider giving them a lower flat rate out of your pocket to represent you if you're really uncertain, since you found the deal.I will send you a PM with some lenders.