Know your limitations.

@Mike Todd I have found that those companies usually have a lot of hidden fees, limitations, and charges; i.e. a limit to transaction amounts, amount of transactions, etc.My recommendation would be to find a Broker in your area with some experience and negotiate with them about your compensation split.

erence ("net") between the sales proceeds and an amount desired by the owner of the real property......The use of a net listing places an upper limit on the principal's expectancy and places the broker's interest above the principal's interest......If a net listing is used, the listing agreement must assure the principal of not less than the principal's desired price and limit the broker to a speci?

To assume makes an *** out of u and me.One other aspect as to many threads on BP, there are aspects of doing deals by some folks on here, their attitudes and how they may view an issue that often should not be duplicated by new folks or those with financial limitations.

Would this limit my liability and not have to buy insurance?

They'd also let me show it before they moved out so I could possibly limit that turnover expense.I figured my upside there was an extra month plus I was getting someone that could move in immediately and that had near perfect application (his credit score was higher than mine :-)).

Our accountant actually told us to form a LP (limited partnership) to purchase property.

I understand that the cash flow is not spectacular, but after looking for 4+ months, this doesn't look so bad for Metro San Diego area (I also have limited cash reserves, so I can't put down a 50%+ down payment to make some of the better properties cash flow).My main question is whether it's worth buying a really nice property in a bad neighborhood as a long-term investment.

Or am I severely limited due to the FHA restrictions?

70,000 gross rents x .50 costs = 35,000 NOI If landlord pays water and other utility use 60% so 70,000 X .40 = 28,000 NOI 35,000 NOI / 500,000 purchase price = 7 cap rate 28,000 NOI / 500,000 purchase price = 6 cap rate With rent control also limiting future annual cash flow increases I would say that is also a negative.