More realistic, fair, and practical, would be 5%, which will lower the expenses by about $4,000 annually.If you're still with me at this point, here are some other details:  New exterior and roof on building.  

I have called a few major insurance agencies (Farmers, MetLife) and so far the quotes I am getting sound fairly outrageous, at least compared to what I am seeing across the site and my expectations.What kind of rates are Chicago investors seeing for multi family apartment buildings, and what agents/companies are you using.  

It doesn't matter whether it's interest, dividend, passive, capital gains - it's all taxed at the same (fairly high) rate.

It says that even when there isn't a written contract to something, it may be so fair to assume that such a contract exists to allow for recovery.

What pay structure would be fair to me yet attractive get a broker to come join me

So if I have a 40,000 profit on a house, the difference between LT and ST capital gains (40% vs. 20%) is $8000 - fairly significant.

I'm writing this because I am fairly new with real estate investing something I've always wanted to do mainly wholesaling, flipping, rental properties, buy and hold, etc.

@Nicole Vadnais Welcome.That's a fairly broad market you're covering, 100+ units in FL.

Quit breaking the law and get a job that pays "above the table" and pay your fair share of taxes. 

@Mark Gruetzmacher I usually offer what makes sense for me and I know for sure it is fair to the seller.