Even if you follow those guidelines the ultimate decision rest with your brokerage and what kind of liability they want or will accept.The activities you are wanting to do may not be covered under their E and O policy or the brokerage may simply not want you doing these types of activities.

Don't mix emotion and business decisions and try any harder to get that deal than you would have anyhow.

I think this has put me in motion to make a great decision.

I'm Brian, and I've recently made the decision to become a real estate investor.

We have decided the first step is to learn as much as possible so we know we are making educated decisions.

Example they have 500k cash but tell me they want a 11 cap apartment building fully stabilized when the market is trading at a 9 to 9.5% cap.

this is what you will have with a condo or townhome association....If they decide they want to replace roof, be prepared to pay whether it needs it needs it or not...this is just an exaggeration but i like the flexibility of making my own decisions as to what needs repair and what doesn't and determining which contractor I want to use.Again, just my 2 cents.Again, best of luck!

. - for me, I just got a "resident manager" and traded free rent in exchange for him looking after the normal maintenance and other small tasks.

If the seller isn't willing to play by my terms and sell at a price that makes sense for me, the decision is pretty simple - I walk.If they need to know the specifics of how you came up with your offer price, then yeah - feel free to include the PM fees as part of your reasoning.

Another jack of all trades, to consult in small to medium commercial and residential.