Hi,An individual came to me recently looking to borrow $500 and he has a free and clear mobile home.

AshleyNormal, however you have wide latitude in the actual agreement you agree to sign, how long, how much commission, that’s not to see individual agents have to agree to your terms, but if you feel uncomfortable with the terms you are free to negotiate or shop around, however an agent cannot legally show you a house without an signed agreement of some sort. 

Adding another million or two didn't cost that much back then.

You can attempt to raise from a 506c but it will cost you $25k to get started, then if you did get your first $100k  and you are paying them 10% and you are making 12%, - great you just made $2,000 and that is assuming you were able to fund an entire deal immediately and have zero holding or carrying costs. 

I prefer to travel with my points and stay anywhere I want for free. 

If this practice changes, buyers could be asked to directly pay their agents, which might result in lower overall costs for investors who are purchasing properties.

If the property costs $600,000 with a 3.5% down payment at a 7% mortgage rate, along with typical taxes and insurance, the monthly expenses could be around $4,700.

@Erin HollenPlease create a budget to see what it'll cost you to do all the repairs.

Has anyone had experience with this issue and know a way to get a good insurance policy that doesn't cost an arm and a leg? 

This might avoid a lien and free up cash for your down payment.Hard Money or Bridge Loan: Look into hard money or bridge loans to temporarily cover the taxes or down payment.