Another option is finding a deal where the owner will seller finance some or all of the down payment portion and is okay being in 2nd position.

If you wave the commissions and you ask for a reduction in the price to offset the difference of not receiving a commission it's still taxable.It's a rebate if a customer of yours receives a portion of the commission to offset closing costs during the transaction.

California has a lot of nuances, but most virtual CPA firms on BP are familiar since such a large portion of clients come from there! 

Do they only get a portion of the equity of the house? 

Assessing both macro and microeconomics is vital.

@Michael EdwardsI would ask them for a contract but if this is one of those deals where they pay off the mortgage for equity in the property understand your portion of the equity will be very minor.

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.If you have had a cost segregation study performed on your property within the past 10 years, have you evaluated it recently for additional benefits that could be obtained?

There are definitely pros and cons to each so I figured I would just lay out a few benefits and personal thoughts: Small banks/brokerages:Pros:- Some regional knowledge of the market- Possibility of more creative lending guidelines with bank specific programs- Sometimes they have competitive rates for their areaCons: - weak balance sheet (more strict on some guidelines, no wiggle room, inability to be flexible or grant exceptions because they cannot afford to hold less than perfect loans)- Can't scale with clients to different markets- Usually limits exposure to individual investors (they don't want one investor to be too big of a portion of their balance sheet)- Lack of experience with multiple solutions (tend to have 2 or 3 loan products they sell and are too niche to provide tailored solutions)Large banks/brokerages:Pros:- Large compliance departments that understand individual market guidelines (typically each state has specific lending guidelines that augment the national baseline)- Ability to scale into multiple markets with same lender (licensed in many states)- Impossible for individual investors to "outgrow" a large bank's balance sheet (not concerned with one investor's concentration)- More lending solutions available for different scenarios- Often comparable or better rates given the game is volume basedCons:- Can be more difficult to get fast responses if the bank/brokerage does not have good follow up systems in place (or if the underwriting/processing staff gets overwhelmed)- Bad large banks can feel less like a relationship and more like a cog in a factory (less personal)Overall, I have worked from both and worked with both as a loan officer, branch manager, and as an investor/client myself. 

It appears that a significant portion of the business's value lies in its name, website, marketing, furnishings and other intangible assets.

In this document, I will share a portion of a study I conducted with some of our clients.