I was in the market for a condo but I have decided to buy an older house and update it over the years. This house I'm looking at right now is really out dated and I bet there is little TLC needed.

So they are asking ...

Just because you approach the listing agent does not mean an automatic reduction in commission.

I only bring this up b/c a wholesaler acquaintance of mine wondered why he couldn't get the "motivated sellers" to part w/ their property for his asking price, no matter how much he bargained w/ them ...I'm interested in getting feedback from others on this..Aren't you guys tired of the dumbed down approach to wholeslaing taken by gurus?

I was just highlighting the fact that the insurance, property management, and taxes were accounted for (along with the utilities, maintenance, etc.) since those were the ones you brought up.The expenses for this type of facility are like a storage unit more than an apartment.

They actually granted us an exemption from the requirement for some time, because A) they knew is was really not viable, and B) we have a solid track record of providing quality client education that they could trust.One option may be to move your IRA-owned LLC to another custodian that does not have this requirement, which really is meaningless window dressing.I will add, we are a  very compliance oriented firm with a distinctly conservative approach to reporting and operations using the IRA LLC platform. 

Thanks for bringing that up @Ben Zimmerman i do plan on upsizing my family, my mortgage broker brought the second FHA loan to my attentions so thats what my plan was but regardless of how i will absolutely make it happen.

Projecting a 6 figure cash flow annually, I decided to take a more aggressive approach into the investment world.

So what kind of approach could I go at this with some type of right of first refusal agreement?

I did this recently with a flip home and had my own experience, but I'm curious to hear about yours.Buyers... have you ever approached your agent about a fsbo property and felt like your agent steered you away from that property just because it was fsbo? 

Financing is the scariest part for me, any one have suggestion on whats a newbies first approach should be?