We've had clients change their offered commission numerous times during the course of a listing thinking it would make a difference - our experience is that above 3% or with a BTSA (Bonus to Selling Agent) it doesn't have a measurable difference - the Buyer is generally in control and pushing a client towards one home or another based on your payday may land that agent in hot water later.

We chose an offer price based on comparable properties in the area and offered a little bit over asking.How did you finance this deal?

I can learn how to put in meter bases and multiple circuit boxes in my building and learn how to do it, for a $500 consultation fee plus parts.

I suspect this property is in Philadelphia based on where you pinned the post.

You'll fund that guidelines vary from lender to lender.

I am a lender that works with a lot of Canadian clients investing in the U.S. specifically Florida who are often comparing their Canadian bank with lending options based in the U.S.

Hey Alison - You don't typically need proof of income for a fix and flip loan, they are more asset-based.

If you have any thoughts of self-managing a growing portfolio of rentals then this could be a good opportunity to grow your knowledge-base from first hand experience.- Work with the best PM company you possibly can for the units you don't live in and compare the units of work involved in your management of the professionally managed units vs your self-managed units. 

Im happy to share any info I have based on my personal expierences along with my referl network.

You are obligated to provide the oldest verifiable operating statement (base year), which is adjusted into today's dollars (Using an LA City formula for inflation) and this is compared to your current year (yes with receipts, cancelled checks, bank statements, k1's etc), which can be significant.