I used 20% vacancy, just to be sure not to over estimate my profits being generated and also a fair to low daily rate, which will only fluctuate up in better then poor market conditions. 

While Iowa, statutorily speaking, appears to be a fairly Landlord friendly state (can cancel MtM leases without cause, etc.), it really depends on the judge you get. 

I want to do what's fair for both sides, but get these mini-splits installed before the heating season.

Please evaluate and lend opinionsForeclosure REO Bank asking for $135k2 Unit 4br/2b 1,687sq ftComps are low 160s high 180s But i will be conservative and say $160k for similar house sold with the same square footage The home from pictures look to be in fair condition and in a C+ neighborhood next to a military base.Firs step i went to get pre qualify with a bank to see an estimate on how much i qualified for$100k since this is not my first property (living in a SFH under VA loan) I would like to go with a HML to speak the process and go that route to BRRR the propertyHere are some question i have,1.

A bank can re-appraise your loan and decide if you don't have enough skin in the game, they will demand you put more money down.This, from what I know, has only happened twice-Savings and loan crisis (1990s?

Getting a personal line of credit should be fairly simple at any bank.  

Welp, I see the consensus is fairly unanimous.

What type of contract and fee structure would be considered “fair” for both myself and the investor, to ensure I am paid for all of the “pre-work”, i.e. property analysis, and what fee/commission should I charge if/when the deal is closed?

What type of contract and fee structure would be considered “fair” for both myself and the investor, to ensure I am paid for all of the “pre-work”, i.e. property analysis, and what fee/commission should I charge if/when the deal is closed?

They are going to market my property, find a qualified tenant/buyer, they are going to pay 10% up front non-refundable, the tenant is going to pay rent for 12 months, then they have the option to buy at the price we agreed on (fair market), or walk and at that point we get the property back to rent again?