new construction is still moving nicely in our markets.. its totally regional as you know. 

We include utilities in the rent, with the understanding that there's an allowance (~100 per month total) that goes for gas and electric.

hello everyone,here is the deal there's a person selling 2 apartment buildings totaling 25 unit at an asking price of 425k a piece. my only experience has been purchasing properties cash or with a 30% down payment commercial loan. my insurance agent happens to know these people and suggested a land contract.

That is not 7% of the profit but 7% of the total amount given to the seller.

@Natasha Richardson I totally understand. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

@Joseph Bogorad, put simply, anytime its principal and interest expenses total higher than 50% of its rental income (in this case, 61% at the asking price), you're looking at a probable negative cash flow scenario (given that your other expenses are commonly around 50% of its income).

Our most recent purchase included a package deal for 3 SFR, all 2 bedrooms and a fourplex for a total of $66,600 for the package.

If you are betting on a dumb tenant/buyer and dumb judge, that's on you.A sandwich LO with a consumer at the end is not legal because you must have fee title to the property to give a LO.Finally, if you want to do LOs, just do owner financing. 

Total commissions on Redfin are 3.5% in my area, seems like a good deal.