Hi all. Working through analyzing some properties for my first deal. A few properties have caught my eye. They are condos close to the hospital and major commercial area. The situation is that after the crash, a lo...

We had a walk today with 3 GC companies who said I could get the place to the standard I want for 60-70K. 

My criteria are relatively strict for South Jersey standards and early on I saw an average of 8% vacancy each year (or about one month each year vacant) because of it. 

These properties meet all pro forma underwriting standards.

It's good to know upfront what the agent's standards are.What is your typical deal size?

If one of my listing agents procures the buyer the total commission goes down.. its never the full commish.. this is very standard for those that have experience at this. 

What other OPEX is there that I may be overlooking other than the standard PITI, property management, maintenance, vacancies etc...

Why don't you just tell them that the standard listing percentages aren't enough for their property but you'll sell it for a higher percentage than what all the other realtors will?

This used to be a miscellaneous expense deductible when itemizing your deductions rather than taking the standard deduction.Having said that, travel and vehicle expenses will most likely be deductible towards your real estate business and investments. 

Have your particulate respirator on, usually just an N95 paper mask here.Get yourself a 1-gallon pump sprayer and mix up your TSP at standard concentration.