Most of what we call Credit Cards are in fact Charge Cards.

If you charge a lot more than the area commands it is more likely the buyer will not be able to get a loan.

If someone is charging me $500 to do a job, I have to "earn" much more than that to net the $500.3.

I found the sunrocket invoice and they call the $209 charge ($199 +x) a "MEMBERSHIP FEE" instead of a service fee or something.

I might could rent to two college students and charge em like 250-300 each, but i dont think they would like sharing 1 bathroom

You might be looking at more like 20% off.Either way you need to factor 10-15% minimum of ARV (depending on your financing and how much a realtor/auctioneer is charging you) for holding costs, resell costs, and closing costs.If you buy it for 190K, you sell it for 220K, and it takes you 2-3 months to actually close on it when selling with a 10% premium to the auctioneer and closing costs, you just broke even while taking on a tremendous amount of risk.Keep in mind when auctioning it, the auctioneer could take upto a month to market the auction and then the buyer will still probably have 30 days to close.

the owner just had a stroke and has other properities. this one is the only fixer-upper, he basically just wants out. i,m taking an equity loan on my house for $40000 for down payment, closing, and a small credit line(about $12000). my main concern is the labor charges of contractors in my area. the on-hand cash would enable me to get local handymen and cheap laborers to cut into alot of the cost of teardown and disposial. also a friend workes for a local home builder and is willing to do alot of the drywall work and floors on the side.

Most of these custodians charge an annual fee based on assets in your account.

Typically what you see is:5-10% of gross rents collected (some set minimums in addition)50-100% of 1st month's rent for getting a vacant unit rented plus advertising (high in my book)50% of 1 months rent for lease renewal (complete rip off)Some will take a portion of late fees (bad)Many will charge you hundreds of dollars to handle evictions (even though they do nothing but call the lawyer who handles it all)Typically, they also charge $25+ per hour for handyman (who they likely pay WAY LESS)The fees are never-ending.

But if you guys think if I replaced these problems I could charge more for the house and be able to sell it then I would be willing to try it.