The mortgage payment would NOT be counted in your monthly liabilities, because it's already accounted for in that $300 calculation.Yes, if you include additional expenses like a management fee, or commissions, maintenance, advertising, etc., those would not be added back and they would reduce the amount you can qualify for.You take Schedule E profit of $3,734, and add back interest, insurance, taxes, and depreciation. 

Buyers think the seller pays the commission, but that is not true.

Here are the details:Purchase Price: $105,000Received Commission: $0Estimated Rehab: $10,000Estimated Time Frame: 3 monthsSold Price: $180,000Actual Costs: Approximately $13,250 with escrow fees, agent fees, carrying costs and rehabNet Profit: $61,150 or 51.4%Before Pictures:What I Learned:- Networking can bring immense value.- Be prepared to take advantage of an opportunity at a moments notice.- Smaller homes sell quicker and usually have lower rehab costs.- Don't undersell the property.

I have a family friend who has helped me get started and suggest I obtain my real estate license and work for her brokerage (part time), so I could earn extra income, save on commissions for future buys, use the mls, etc. 

Is the property part of the Coastal Commission, subject to the Hillside Ordinance or other governmental regulation which restricts development activities?

Not only is there no additional commission on the buyer's side, but it will be a great way to start off, meeting the right people and having assistance with the entire purchase process along the way.You might also want to check out the Real Estate Agent forum.

It was a nice little find and we should net over $15,000 after paying their closing cost and all the commissions for both sides. 

We understand every realtor can write up their commission structure (to a certain legal degree), but we want to know what the standard commission structure usually is in Raleigh, NC.

@Kevin Grinstead  Commission for the buyers agent would most likely stay the same 3% so there would not be anything for them to pay for.  

If paying 6% commission is to much spend the couple thousand it takes to get the license and do it yourself.