When you assign your lease option for a fee it is essentially the same thing as selling the contract.

Then there are annual dues and fees to keep your license active.

Based on current rents, average unit price appreciation, condos fees and property taxes - it would be a negative cash flow for the first 7-8 years, excluding planning for any repairs or vacancies. 

I was wondering how should I go about checking the transfer fee for the title company to help me make the change from my personal name to the LLC.2. are there any stamp tax involved, or capital gain tax involved (unsure if the state recognise that as a "sale").3.

I would have them both apply, pay the application fee and see if the second person is really better or not.You could tell applicant number 1 that they are in the qualification stage but that property is still being advertised until you sign a lease.

If I were you, id high ball everything , sounds like major damage to this house     maybe shoot for 60k rehab, high points on the hard money..... even if you buy cash at 30k +60k + hard money fees + closing costs ... you might be able to squeeze a 10 percent return out ..... if you have good contacts id say maybe It could work ... if you have only done this a couple times , maybe pass on this for something with a quicker turnaround time 

It also looks like you only have 6% for your PM fee, which is quite low.

@Sebastian E.I once used a balance transfer credit card (Chase Slate 0% for 15 months with 0% balance transfer fee if balance is transferred within 60 days of account opening) to float some money in order to purchase a car. 

Do you pay them hourly or a monthly fee?

It's not about creating more housing...https://www.prnewswire.com/news-releases/no-on-10-...Make sure to VOTE NO as it just creates more beurecracy and red tape and fees for renting and makes doing business almost impossible for landlords and even single family home owners-- \NO ON 10More info on NO ON 10 http://savecostahawkins.org/