If you don't add your fee to the price investor will negotiate based on how much you are making on it. 2) I requested for her contract for it to have 10 days of an inspection period.

So im trying to figure out based on my situation what is the best move for long-term financial sucess.Now the rental is bringing in $800 net cash flow monthly, after all expenses are paid.

And, I would send notice of non renewal to the perpetually late resident, which is a judgment call based on my experience that late payers end up as non payers in many cases. 

The entire return is based on an unknown.  

But high level yes, that is how hard money mortgage loans are going to work - if theres a default --> the path proceeds toward a foreclosure since these loans are at their base secured by the real estate

Matthew,Based on recent investor track records I would say choose Ohio over NY or NJ for a 2-4 unit. 

I am not a fan of holding fees unless equal to rent and non refundable.

The contract had that Assign clause (they stated that allowed them to list the property on the MLS).The only clause they have in there to keep extending is based on open of escrow- which never happened.

As an investor based in Columbus, I can attest to the favorable conditions here.

My property management thinks he is qualified based on just 4 pay stubs, employment verification and one screen shot of bank statement (just total. )when I ask my property management to ask that guys to show actual bank statements ( not screenshot of avail balance) and w2.my pm said, “it’s easy to find fraud using screen shot. the more I wait the more I loose.