As corny as the sayings "marry the house, date the rate" and "don't wait to buy real estate, buy real estate and wait" are....they're true. 

I'd estimate 12-15% of the sales price as you'll have to back out land value and then you'll get closer to 20% of actual home as a deduction (assuming 100% bonus depreciation which the jury is still out on that being extended. 2.

I'm interested in long term rentals and possibly the "Brrrr" method (just finished watching the Webinar on the "Brrrr" method a few minutes ago actually).

Hi Bonnie thank you for your response, so this new build actually is already in plan to be built but pending for until they find a buyer.

There are plenty of wholesalers and agents out there as well, search the for individuals who are actually investors and have first hand experience in what they are selling.

Like others have mentioned, it's actually market dependent, and you could scare a lot of guests away. 

I had to actually pay a bit more then the initial asking price which was 160k.

I had to actually pay a bit more then the initial asking price which was 160k.

Actually it's good drawback which means they are serious lender/brokers.But at the same time, they should also give compensation at the end, for example giving credit or such or faster closing.  

Actually, pretty well thought out in general and you have boots on the ground so those are very good things.