I am not too much of a fan of most free ones, but there is a data source called Realquest that I use in appraising.

Will the amount you can collect in rent cover that and still give you a few hundred dollars in your pocket each month?

I collect the $5k up front as "Non-Refundable Option Consideration" and "IF" they exercise the OPTION, the $5k will be deducted from the purchase price of $165k, leaving my Tenant/Buyer with a balance owed of $160k.

Dunn and Bradstreet is a credit data collection and distribution company that collects information on businesses; simply put, they are to business what the credit bureaus are to consumers.

Then, you would assign your purchase contract to your buyer and collect an assignment fee.

We made an offer and the sellers accepted our offer of 335K but the banks will not come to an agreement on how to break up the amount we are offering to cover their debts.I understand that the first bank has collection rights and the second bank only can recoup what is left.

noobdog1 says it all pretty well. there are plenty of shady practices going on in NYC brokerages... loopholes and such to fleece dollars from RE prospects, "application fees" should be closely examined before paying them. there are scams with "applications" that usually result to nothing other than just someone collecting your money.

Always meet in-person to collect the money (IN CASH) and sign the paperwork.

>A property management fee is essentially an agreement to collect the rent, pay the utility bills and then forward the remaining rent to the owner.

You can try out the demo account if you don't feel like committing your data to it first: Username: [email protected] Password: demo Here are some screenshots: