I eat the 10% fee but it gives me piece of mind.

Hi Rex,Another broker friend of mine lives around Franklin, TN.If you get a chance eat at Sperry's restaurant there.

I want to make sure this is properly documents since eviction may be in our future.Also, if he's not abating the problem on the animal, then pest treatment will do no good.

Realize rooming houses are whole different animal than land lording apartments but there is serious cash flow potential, even with higher management costs.

so i was talking to @Scott McMahan offline about this too (arm vs traditional). although it does protect you better in case anything happens, the arms eat up your monthly cash flow.I talked to Scott's guy (thank you) and he said he can do 5 yr balloon at 15 yr amortization. this means i'd have to pay $600/mo payment (double) and total payment would be around 900-1k with tax and all that stuff. my rents are between 1k-1.2k, so that would leave me with $100-300 cash flow if i am lucky. one roof job or a 2 month vacancy and i'd be underwater.yes, i build a bigger/larger equity quicker, but going back to Ric Edelman's philosophy, why do you want to put all your money in bricks and pay it off early?

I am doing nothing but eating breathing sleeping and reading about REI.

Doesn't take much in the way of mistakes to eat that up.If you have your own money you could make more.

I will work my tail off to be so successful so the negative ones will be eating their words.

Larger deals might be easier to accomplish this if the agent doesn't need to eat as the customary rate was 10%, at least here.

Then ask yourself 2 simple questions: 1) if they offered to make you a bologna sandwich, would you eat it?