I like the consulting fee suggestion. 

The main thing is to focus on finding motivated sellers willing to do them and tenant buyers who have the means to pay the option fee and monthly rent.

Based off a loan amount of $78,400 at 6% interest and Annual Property Tax of $1,280 and Insurance $750, your payment would be approximately $639.21 Factor in 20% percent for vacancy, repairs, and property manager fees and your left with $752 for a profit of $112.79. 

Hi Nicole, have you thought of using a fixed fee accounting service that uses automation and their own workforce to take the daily tasks off your plate? 

Most retail buyers hone in on a house they want THAT house.. and they are not looking to waste appraisal and inspection fee's and make a bunch of offers .. its not like all the houses are the same.. 

Then you need to pay double fees for permission to do business in Illinois as a foreign entity and file an Illinois income tax return as well.6.

For those of you who still do applications in paper, how do you collect the application fee and photo ID?

A Seller owes 8k in HOA fees, is there anyway that I can negotiate that so I can purchase the property at a better price?

To conduct a no-fault eviction (taking properties off the rental market/moving in family), you're required to pay relocation fees determined by the RSO which ranges from about $5k-$21k which is determined on whether the tenant is over 62, disabled, been in the unit for over 10?

If my math is correct,1250 revenue(333) mortgage interest(630) depreciation---------------------------287 <--- what you're calling taxable incomeWhere is the insurance expense, the property taxes, management fees, repairs/maintenance, advertising, etc?