All depends on what you negotiate.As a general rule of thumb if you use a property manager you will pay: -1 month's rent for Managment fees (rent collection, maintenance, financial, etc) -1 month's rent for Listing fees (advertising, screening tenants, lease signing)So, the easy-sneezy solution will cost you 2 months (16%-24%) of your rental income each year for a normal propert under a one year lease.

Yet, its a very easy close if the borrower/buyer is working with a good agent and loan consultant.

I have had some people say yes to this question and my recommendation is to walk away.For credit checks I use CreditRetriever.com I feel their prices are fair and the report is very easy to read.

All of those gurus sure do make it sound easy, but it hasn't been that way for me.

Fortunatly she knew the heirs and it was easy obtained heirship affidavits and getting everyone to settle on price and concessions.

I posted this under the rehab section - though I might get more play here...Short version of my question :After much research I believe it would be relatively easy to consistantly turn houses for a quick $10-12k net profit...on a 90 day average turn.

I could resell them and make $8,000 each easy.

The buyers list should be the easy part.

Now using private money which isnt governed by RESPA and has no seasoning issues is the easy way around this.

I have been a General Contractor for going on thirteen years now and found out that it is to easy to take money and run if you are a scum bag contractor.