The commission has been 6% for as long as I can remember and I’ve been making up 1/2-1% for years when the listing agent pays a co-broke less than 3%.

I started long-term rentals last year with a focus on Section 8 properties.

My question is what are the types of homes that attract long term tenants in this market?

I don’t have any experience doing this personally, but I’m on Long Island and this is exactly what the couple who owns the property that my girl lives in does.They bought a home, lived in the home while they renovated it, added a basement unit and rented it out.

You say your job doesn't pay much, but what does that mean in terms of $ and being able to get a mortgage?

I stopped using carpets in my rentals a long time ago.

I've learned to ignore some of the noise and many of the long time BP posters have helped me out tremendously.

Even Hard Money lenders (with 10% to 12% interest rates might have issue with that) PROPOSAL MADE and SEEKING OTHERS:Have the Husband agree to SELL her his 50% interest in the House on TERMS to the WIFE who wants to STAY in the home and where he would carry back a WRAP AROUND  Note - lets say for $1,425,000 at 7.0% with I/O INTEREST ONLY repayment terms  of $8,312.50 monthly and a 36 Month Balloon payment when the entire $1,425,000 would be due.

A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!