That means if you can offer in that range of list price so they NET after commissions etc.. than you stand a good chance to get the deal barring you are not going highest and best with multiple offers. 

Most major investors require you to hold the loan for a certain period of time for a few reasons -buys them time to sell your loan on the secondary market -bankers lose their commission if a loan is refinanced with another investor/lender within that 6 month period -required vesting is part of federal regulation  that keeps an individual from essential making a living by doing constant cash-out refis -if you refinance or pay off the loan in the first 6 months, typically you will not incur any pre-payment penalty..but the bank does and it eats that cost-required vesting allows you to establish payment history that shows on credit 3.

My advice is make sure that either you can list your properties or that you partner with someone that will list in his name  and lets you collect your commission.   

I would not take the chance or risk of penalties  to save on some RE commission.

He might agree to consult in helping us estimate the work that will need to be done prior to purchase so we can determine if it is going to be a good property for us.I plan splitting the rent/proceeds w/my son, plus he'll get the realtor commission  [i figure yes, as I would pay it to someone else if he weren't one - but I wonder if there are other thoughts on that]As for my consultant friend, do I pay him a flat fee [if yes, how much is fair?]

Mls subscription costBoard of realtors membershipE and o insurance premium through broker.Percent of commission to broker at every saleInitial Realtor class costContinuing eduction costs.

Do not assume appreciation in your calculation, as it's beyond your control and the 6% broker commission will eat a chunk of it.  

I know the general ways in which wholesaling can help the homeowner, such as not having to repair the house to retail condition, and not having to pay an agent's commission, etc. but I'd love to hear the specific scenarios of how you've gotten people out of a bind, or in some way really helped to the point that they were grateful that you came along? 

In many cases I earn less than what a seller would pay out in commissions.

As you grind along as  Realtor you will come across deals that you might be able to parlay your commission into a piece of the project (commissions can really add up).