We budgeted $5k for repairs, inspection, and closing costs total. 2.

First contractor walked, second was paid in full by my 'helping manager' ( my fault for trusting someone else with a property inspection and payment) without walking the property so when I came home two days later from Baltimore and discovered this I had to hire a 3rd contractor to fix and finish everything else since the 2nd contractor wouldn't honor his work.Some of the overage was due to all the electrical nightmares we found when the city required me to remove the sub-panel from the garage and place it in the house.

Do your homework, have the property properly inspected, and be confident in your financial numbers going in.

As I'm doing this I can figure out where the money can be made...which gets me closer to having a solid plan.

I was able to do a decent inspection.

I have looked a bit in Minneapolis but trying to stay closer to home for easier access since I am looking to self manage as well.

I can buy as many/few of the buildings being offered.I am meeting with a rep from the firm tomorrow to inspect the properties and will report what I discover.

What do people pay a realtor on a private sale (I found the property with direct mail) to handle the closing process, home inspection, etc...?

What I learned was that it supposedly is a network of investors that help one another find, finance, and close RE deals.

On final inspection the camera detected a three inch belly in the pipe.