We take our monthly management fees (and any other expenses that occurred) out of the rents, then make the monthly distribution to the owner. 

With only a $50 or $100 origination fee, and "essentially" not losing any money to an interest rate, TSP loans are probably one of your cheaper loan options out there.I just took out a 40+k loan from my TSP to invest in other ventures and it was a very simple and straightforward process. 

Or do I put the original price we paid for it? 

Sure, you'll spend a tad more in closing costs having to pay a settlement fee twice, however, at the end of the day you have the property, and not someone else.I always suggest to our borrowers to buy the property in the name of an LLC, business entity or even land trust.  

Several factors can increase or decrease the adjusted basis, says McGuff.Increases in adjusted basis can result from:The cost of additions and improvements to the houseMoney spent to restore the property after damages or lossLegal fees incurred in relation to the propertyDecreases in adjusted basis can result from:Receipt of insurance payments due to a casualty loss or theftTax credits for home energy improvementsIf you sold your primary home last year, there’s little you can do to avoid capital gains tax liability when you file taxes this April, Liddiard says.

I just want to know how much these big box agencies collect in "office fees" alone. 

Likely finishing the process before anyone else has the chance to even see the original data source, giving your the first mover advantage.There is a lot of hype around AI and I have seen my fair share of BS.

You know, I just realized I didn't answer the OP's original question.

Many of our properties are now in "infinite return" on our investment because we refinanced to pull our original investment out so we are making cash flow and appreciation but actually have $0 invested in the houses.I did the 1-2 houses per year for quite a few years, sold some to reallocate investments at times and found that was about the maximum pace I could handle while working my W2.

Originally posted by @Travis Hatch:@Matt M.