Now the property is in foreclosure and ex-wife is facing federal fraud charge in another unrelated case.

., don’t forget the CPA and Lawyer costs) Again Net Operating Income is calculated before debt - what matters more is the NET Annual Income (or annual cash flow): NET Annual Income = Net_Operating_Income - Mortgage_PaymentsAnd that leads to the Cash on Cash Return on Investment: C/C ROI = Annual Cash Flow / (Down Payment + Closing Costs)And I’m willing to bet you don’t get C/C ROI above 10% on any SFR in Austin area (based on these calculations and bought with conventional means, not subject-to or assumptions, or owner financing or other creative financing).

I got my RE license a month ago and I will not charge myself any commission.6.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

With my profession, I feel like it’s going to be difficult to be approved for Conventional financing.

He provide property management services and charge 10%. 

The banks have done this for me just for the asking and didn't charge anything.

If I just pay the minimum payments, wouldn't I be subject to ridiculous charges/fees? 

@Zoe Mercier assuming you are getting a conventional mortgage the bank will order the appraisal.

If it is trapped in the employer plan provider and conventional stocks, then you would have in the future a nice chunk you have saved up, that can then be moved into a self-directed plan of your choosing once you leave this employer.