Most of the larger brokerages are between 8%-10% and there is a reason for that.  

The buyer will collect no fees and will not pass go.Every bank addendum I've ever seen is weighted heavily in favor of the bank. 

You might want to get small apartment complexes at first then get larger ones.  

Seller got $5,000 more out of it than the highest wholesaler was willing to offer and everyone was happy (yes you do not have to work for 3, 5, or 6%- you can get a flat fee commission of what ever you and your seller or buyer agree too).Overall, a real estate license for my son and I both to hold over the year is probably about $800 to $1000.  

Kinda bummed to find out I lost a multi-bid situation.This was only my 2nd time ever making an offer on a home. 

Hey all,I've been reading up on buy-and-hold, first-time real estate investment for a few months now, and have made my way through a bunch of Bigger Pockets podcast episodes, so I felt like it was time to introduce myself on the forums, too.My name's Shane and I'm originally from the Northwest, have been here in Los Angeles for 3 years now, and I'm looking to buy my first property ever.

That said, you could try finding a smaller/larger home of similar vintage that sold within the past ~year in that neighborhood and figure out the square foot price.

If I should ever want to leave, I can take my business with me by mutual agreement.

Lakshay G. have you ever thought of combining the two things you are interested in?

Is there a reason not to take the larger loan?