Also have a base split but as the agents grow and earn more there split can be changed(so they earn more).  

.$50,0000 / $1,000,000 = 5%This means if we bought that property with $1 mil right now, we could expect to earn $50,000 net income over the course of one year.

If you manage yourself you can earn that slice, too.If you do change this to a rental, be sure to change your insurance to landlord insurance, not homeowners.Do what @Curt Smith suggests to scope out the competition. 

That's the problem with old people...they think they somehow deserve our hard-earned tax dollars...

If a methodology has some value and has produced worthwhile results, we'll hear about it from credible sources who have earned our trust.

This apartment was previously home to a crack dealer! A couple months of legal eviction proceedings, and a solid month of work. Here is the Kitchen durring and after:

And the Dining Room after all that crack re...

But i would get to earn a little doing the property management and maintenance plust there would be mortgage paydown and I expect very moderate apprectiation.So now I'm ready to hear what my fellow BPers have to say!

So, I came to BP to further educate myself and meet investors of all experience levels and more importantly, to get moving toward becoming an investor.My long term goals are to eventually replace earned income with passive income from long term rental property and to teach others to do the same.

In my resale price range, I know several rehabbers who are averaging less than this and I know several rehabbers who are averaging more than this...so that's probably a reasonable average for the level of flip I'm doing.Average hold time for these 32 properties (not including the two that I had as rentals for a long time) was just under 100 days, which means I earned an average of about $6300 per month -- not too much more than Danny.

Would you tell me that cash in the bank is a liability because true inflation is more than the earned interest?