It's essential that you know, however, that SHOULD your buyers default on their payments to the 1st lender (you are the 2nd) then in order for you to protect what's remaining owing to you on your note ($50K in this example - the payments they make before defaulting = $45K, for example) ... so in order for you to protect your money, what's owing to you, you will need to keep the 1st mortgage paid up and then YOU will need to foreclose on the owners/currently buyers.  

I've learned that you need to take risks in life to get to where you want to be.I no longer work for someone else and the only one that decides how much I get paid and how much I will retire with is ME.

I've seen many different turnkey models out there and wanted to see if anyone has thoughts on buying a fully rehabbed property vs. buying pre rehab.

I would collect a non-refundable option deposit from them up front, create a cash flow every month and if the tenant/buyer exercised their option down the road got paid again. 

I am looking for my fifth mortgage overall 10th property (5 properties are paid off).  

Been sitting on the market for a while.So the house has been sitting on the market for 75 days in a hot market, no one is in a rush to get paid, foundation issues, roof imploding, smells like cat urine (the smellier the better), so beat up that all the local flippers are scared of it and/or make insultingly lowball offers that the seller has just been round-binning, but hey it's got a great location.

If I don't deliver, you have my fee to compensate you for the cost of my delay.For all the contractors out there that are going to jump on me, I have language in the contract to protect me from delays beyond my control.To me, anyone paid on a percentage basis for anything they do, is either underpaid or over paid for for the service they provide.

Also what is the average management fee paid once over say a 12-plex? 

for a ARV property of about $150,000 (if loan was 70% it would be for $105,000)I paid $6,000 in closing and put down $25,000 on a $100,000 loan when I purchased.

-Patch of Land reports that they are "trying to refinance" and "Loan will be paid soon."