Make sure that you include a reasonable vacancy rate and management fee as your time should not be free in this. 

You need to build your buyers list or find more well established wholesalers and basically rent their list for a fee.

If a partnership is entered into then that fee would be waived.

I could get a 25k assignment fee .My question is do I try to go after these properties?

Originally posted by @Safiya Marie:Hello all, I'm waiting to take my real estate test for my license and thought id try wholesaling.

I financed this deal with a hard/private money loan that was at 90% of purchase and no points, no appraisal, no fees, with a 14% interest rate.

@John BurkeYour math makes sense to me but the numbers in the original post don't.

You could theoretically create an LLC to provide property management functions on behalf of the 10 property portfolio and have a management contract between each property LLC and the management company where you will use management fees to cover the salary of the property managment staff member.

It may impact the loan and will require you to pay transfer taxes based on the assessed value, deed prep and some additional accounting fees to address basis.

There are procedures for each of them.Also, make you read up on all of the requirements as there a limitations on screening fees, rent to income ratio, when and how you disclose your screening criteria, etc.