They charge 1 months rent for tenant placement, a 9% monthly fee, they do not add any additional fees if they need to send a contractor out for repair, and they also have an RE attorney as part of their team who would handle evictions in they event one was needed. 

Maybe pay a manager for placement of solid tenants and then manage them myself from there on out.You might consider the north side of the city.

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

Selling these types of properties can be pretty difficult if you ever wanted out.Having said all that, there are good deals in decent areas of South Bend or Mishawaka or possibly other areas in the Midwest that you can pick up for $30K - $40K and put $10K - $20K into and have a sweet buy and hold rental for $40K to $60K "all in" with decent double digit returns.It is also possible to get some good deals in decent areas for less money "all in" that may be in some type of distress or little to no distress.The key is having precise local market knowledge so that you buy in the right areas.

They charge an 80% (of one month's rent) placement fee and 8-10% per month.

I don't have the precise data in front of me, but my guess is that the above areas have been the largest populated areas for over 100 years.

And, that Ihe "net cash" to the homeowner is the precise amount of the short pay to Ihe lender.It is important to use a title company who is familiar with the short sale process.Reminders when writing a Short Sale Contract1.

If anyone could go a little further in depth or a little more precise, I'd appreciate that 😄

I know...there's a disconnect here between the broker and the lender and the reason is their individual objectives....to sell versus to mitigate risk.In the end, if this is a big value add due to mismanagement and high vacancy, you will not need a lot of precision with the deal calculator.

Instead you should focus on finding long term investments paying 10+% such as trust deeds, private placements, note funds, syndication, etc.