I wanted them great deals where I rewarded them for the value and not for reducing their commission as they helped to reduce the price.John Corey

He also took the "for sale sign" out of the prop since it was vacant to help reduce offers.

The SELLER's agent MAY (and usually does) "cooperate" and reduce their fee accordingly, but it is NOT automatic.

I would never own a property and rent for $32.00 a month profit.Unless I read your post incorrectly, I wouldn't touch this deal or touch it, but at a much reduced price.

Many "improvements" have zero added value, but will reduce operational expenses by eliminating or reducing piecemeal repairs and costly, inefficient, service calls.I always TRY to offer units that will attract the top 10% of the tenant pool for the price range... you get top rent, fewer headaches, less turnover, and lower overall operating expenses.As regards commercial property--typically this is NET NET NET and improvements are not an issue, other than negotiated TI's for a new tenant.

Our primary market is in Bulk Wholesale REO portfolios.

It wouldn't benefit the bank.They could sell a $500,000 property to you for $300,000.Or they could list it on the open market with a Realtor and sell it to anyone for $500,000.What’s the deal with bulk REO’s?

A number of people in the REO forums talk about bulk deals and being experts.

Members may NOT post bulk REO deals or requests for REO deals in this area of the forums!

Tenants rarely follow recommendations for cleaning, and as a result will use abrasive powders or scratch pads which will reduce the life of the surface.