I’d  bet it has a low vacancy too .

I use the entire $1480 plus $500 for a total payment around $1800 with allot going towards principal.

You should totally jump in and house hack!

But I would bet you 1000 bucks they were up-charging me at least 40% on each turn over.

So with that, I leave most of my rehab cash in the property (40k) for the next 6 months. or2) Purchase the property using private/HML - lets say at 40K and $40K rehab - total all in is $80k (not including lender fees + closing fees).

Two things I would do, and you can totally take them or leave them: 1. talk to local property managers or someone familiar with rentals there and ask about the rentability of those units at your desired rent, or the market rent.

My partners and I (3 total including myself) run an LLC where we have historically purchased properties in full. 

The insurance company totalled it and only gave us $15k ( yes the policy was for only 15k the person who owner financed the place to us bought that policy and we never bother to check it).Now we clear the property and I listed it for 27k, was under contract three times but for different reasons it fell out and didn't sell.

Hi Lucia,I totally agree!

They’ll make at least six percent of the total fees, maybe more if they find the initial seller and the ultimate buyer.