Around here is 10% of collected rents plus half a month to fill a vacancy.

I'm moderately introverted and wholesaling seems like too social of a practice for me to get into so I'm considering another plan.

After you close the deal and pay the necessary transfer tax, what tax implications will you have when you file your personal income return if you do not plan on collecting rent?!

he is 67 years old and collects social security.

I knew the prior owners were having to pound on doors to collect rents and we're just not going to do that.

That reduces your equity state to only 1/7 of the total, but you could collect all the management fees from running the company.

Does investor check a box, in which case anybody that wants to be accredited is accredited, or does one have to collect bank statements, deeds, appraisals, brokerage account statements etc to verify.

I would want about 1/3 of money's collected to be cashflow with cash reserves of at least $2000 per property, but that is just for me.

In some cases, title cannot be transferred until the permitting issue has been addressed.I would confirm that such regulatory practices do not exist in your area.

And I have established some practices (thanks to some posts by Will Barnard) that have helped the listing agents judge that that it would be little risk to allow me that access.