He also has a break even calculator for refinances that does the calculation PRECISELY.

As a wholesaler, you would never get an inspection with my REI, as that is provided only to offers submitted with POF and Load PreApproval letters PRECISELY to avoid every Tom, Dick and Harry from disturbing the tenants and wasting my time as well.Real data and inspections belong to real players, not speculators IMO.That's part of the game when you choose wholesaling.

Your offer price need not bee that value precisely, but should not exceed that value.

I would say our average option fee this year is $7-8k, but it's not uncommon for $15k placements....had a $20k placement eariler this year, but that's less common

I would encourage precise written scope and timing definition be built into a contact signed before work proceeds.  

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

Michael Noto 2nd property is in bristol, that one is going well, tenant placement was easy.You are right I have no experience with S8 tenant placement, and I wouldn't want to end up with the wrong tenant.I am going to look to see if there is a service to help with S8 placement.

Other costs you may want to consider baking into your model are (a) property management costs of 8-10% per month plus an amortized placement fee of 50% of rent and (b) CAPEX reserve when you will eventually need to replace appliances, carpets, paint, roof, etc.Even if I plan to manage the property myself, I always like to build in property management into my model.

But, today, @Sam Grooms and I closed on this 98-unit in Phoenix.This is a syndicated private placement acquisition.

Most Turnkey is off market, no premium, real Turnkey is not a process it is a cash flowing property with an existing tenant, no placement fees no realtor fees on acquisition, this is real turnkey.