Interest only loans allows them to get a goal profit of $500-$600 per month per property.3) Each acquisition would require 20-25% down at an 80-100K purchase price. 4) Closing costs, and the Eric Spofford turn-key transaction fee of 10K would be in addition to the down payment and were not included for the purposes of calculating the cash-on-cash return.

You can use your commission for down and closing.  

After closing they split profits 50/50 with you.

The close date comes and passes without notice despite me reaching out. 

Quote from @Michael Beirne: Hi everyone,Some business partners of mine are looking into BRRRRing in the Baltimore market and are looking to find a GC, agent, property manager and an attorney that could help us affordably close on properties.  

A buddy of mine in Phoenix added a fenced yard and bunk beds to his listings.. nothing fancy, just a few tweaks.. and he went from crickets to getting three calls in two weeks.Preferred Landlord Program: This program gets you priority placement, and while ALE charges a fee, it's worth it for visibility.

Sellers and Brokers need to know you can close. 

Quote from @Beth Johnson: @Marina Wong No. we just charge the servicing set-up fee at close.

Very interesting closing! 

Several ways to skin that cat  ;)    With the DSCR lender, you could close directly in your LLC and it would not report to credit.