I pre-quality the people who want to sell their notes and then I REFER them to my own network of note investors who accept referrals and who pay out referral fees.

Of the top of my head there will be charges by the title company, an appraisal, lender fees...anything else?

It is not a fixed lease in that he pays whether it is rented or not, but that he takes 10% of the rent and future increases (n lease up fees). 

Yes, you have to work around tenants need, and I understand them wanting a legit offer with proof of funds before disrupting tenants, but make sure you have a cancel fee in your offer, and refuse to go through if you can’t see it. 

Because you'll be neighbors, be clear about the late fee and eviction policy right from the beginning.  

They charge a set-up fee and a transfer fee for every payment.

Questions:-Is this a fair and simple structure - Do these plans usually balloon after a given term (ie 5 years)- Are we within reason to charge an acquisition fee and ongoing asset mgmt fee?

Water/sewer isn't metered separately for each unit and the garbage fee is lumped in on the same invoice.

The Numbers look tight, see if you can wholesale the deal to a end buyer and take the fee instead of potential lost.

Surrounding homes are around $200k + with similar plot size and sq. footage.I put in 40k desired profit to cover $15,000 paid to lender plus in the closing costs a point fee of 3% (Agent fees portion)These numbers look average correct?