Takes a little extra time, but saves having to patch walls ceilings which usually takes more time.

He has 3 kids and they still are struggling with the idea of buying a house and all the extra responsibility it could bring as well as expenses.  

It would generally be seen as a win for the seller as they would only pay their agent and save that extra 3%.

Thoughts on Wholesaling Listed Properties And any extra rules and regulations that may be associated with such processes.

We did a little extra too, adding recessed lighting in the living room, painted the kitchen cabinets, added a 30’x30’ deck, landscaping work (still needs a little more this spring but we plan to do it).We bought it for $160,000.

Assume that you will need at least 20% plus some extra for fees.  

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

A neighbor who has the same size duplex gets about $1800/month for one unit and does STR in the extra bedroom in her unit and is able to cover her mortgage completely.  

Having a solid foundation is key, adding significant value to every deal allows you to grow,  I would say with your $50K go out and do a rehab and make $30K on a flip so you can add $20K to your $50K  ($10K set aside for taxes) do it a few times so you have a great launching pad and rehab experience for the rentals. dont buy turn key rentals, always buy below value, and push the equity with a rehab, and right now in the market cycle, only buy great deals, marginal deals will burn you when this market changes.

We were on our way to tour another property and we had some extra time so we went by this property.