Being self-employed can make securing commercial loans more complex as lenders typically prefer borrowers with stable income and strong credit history.

Also if you want to get financing down the road for it, typically it will need to be in a LLC

I have an offer that would leave me with a profit of essentially $50,000.

I would be more inclined to the 20% manager, because typically the more they charge the more they are worth the money. 

I am the one who closes the sale typically so expectations and the process is thoroughly explained by me prior to onboarding beginning.Client red-flags are those who critique the processes before even beginning, those who want exceptions for every process, think they know how to do the job better than I do, etc. 

Rates are typically higher for DSCR vs conventional but you can offset that with the way you structure the loan - like adding a small prepayment penalty or increasing the DSCR ratio bracket for example.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

We typically allow them to book one month for the first month to make sure they like the home/area prior to committing to a longer term.

I've been recently quoted 10%, seems a bit steep...Not the most absurd I’ve heard - MF purchases 5+ units will typically range in the 9% range, especially if you are shopping wholesale lenders and not local commercial banks.

@Jaya Laun in response to your specific questions:Yes, 10% is typical for a PM.