Welcome to BP community @Laron John It is a great place to meet new friends and learn about various aspects of real estate and more.

One of the very best, most helpful-in-all-aspects-of-life courses I have ever taken was Speech 101.

I tend to have similar views about the balance as the majority it looks like.I view it as the option to execute on the highest and best use of the income stream at with time as the critical actor.  

Maybe they picked up this property at an auction for $5000 and are looking to unload it quickly.The reason they are willing to sell is a critical data point in the sales process.

But the real wealth building aspect of investing is the buy and hold part.

That is 1, of many,  aspects I enjoy of it.

Seems like you have a lot of experience in this aspect of the business. 

I am biased towards ACTION but you should do as much checking on your own as possible.I see the numbers you are sharing - are all those things vetted by you critically?

Let's not harp on the agency aspect or licensing issues, but look to other matters legally and ethically, how to value a service.I agree that you base valuations of a product on the market, saying what the market will bear is fine, so long as you start there and then begin deducting costs or repairs, transaction expenses, and a reasonable profit.In any service business, reasonable compensation is set to the value of comparable services. a heart surgeon is compared to other heart surgeons, the variation of their fees is based on their experience, education, expertise and reputation.

Welcome to BP community @Nathan Lesko It is a great place to meet new friends and learn about various aspects of real estate and more.