Both banks I use will allow seller held seconds to reduce the down payment.

I "made friends" with the park manager, and he is really easy to talk to and offered to reduce the lot rent (which recently went up, and is little high) So i was looking to buy, and flip it, or rent, or rent to own if the right person asked.

The "off-the-shelf" quoted price may be a full month's rent but if someone approached me with a group of higher end units that needed to be filled there's almost always room to reduce the fee.

But never select the company directly who quote minimal charges as all of us understand that quality never will come in reduced rates therefore greater to learn about the solutions and prices and then choose for employing them or not.Lease Variety: Property administration companies have a great idea of creating rent price while they know industry demands and your house value.

You have an agreement with the agent and should honor it.Talk to the agent - ask questions - read the listing - do your comps - understand what you want to accomplish:how long listed (the longest on the market the more motivated the seller)how many times has the listed price been reduced (gives an idea of motivation)balance of mortgage, interest rate and terms and the amount of the mortgage payments (helps to determine the equity)vacant/occupied - by whom - rental - lease - how longwho is on the deed - can you buy part interest in the buildingcode violations - back on taxes or other lienswhat repairs necessary immediately - estimated costhow much will the seller contribute to buyer at settlementhas the seller been cooperative - reasonable - easy to showcurrent or back in payments (how long and how much)why hasn't the property sold (over-priced - seller not cooperative - area - condition - ALL PROPERTIES SELL AT THE RIGHT PRICE!)

A property management company would reduce the cashflow by a lot so if we're willing to deal directly with contractors for repairs, etc that would be better.

I understand their reasoning because of affordable housing, but they really should be working on how they can reduce the impact fees, taxes etc,... for developers to build more affordable housing or allowance for investors to purchase old hotels, land etc.... to also provide housing for homeless families etc...

It could be part of a larger program to reduce expenses and pass along costs.

In general, all of the costs associated with rehabbing the flip would go into the basis of the property and would reduce the gain at the time of the sale.There are many factors that impact your situation so find a qualified tax preparer that specializes in real estate to give you advice specific to your situation.Ed

This obviously reduces the cash flow from the property itself since it is the equity that generated the cash flow and not the property.