TaxesSewer and WaterTrashHeat/UtilitiesHOACap Ex and OpsInsuranceMgmt Fee - as a % (general consensus here on BP is 10%. include it even if you think you are going to self manage)Vacancy- as a %. 8% represents 1 vacant month/unit/year

With fees at 1% to 2%, and a $395.00, one time processing fee, I thought that they represented a promising avenue for financing a deal, so my question is this.Why are Investors not using these companies?

Given that most apartment brokers represent sellers, is there someone that you trust enough to steer you to the right neighborhood (even the right side of the street)?

The seller made it clear he wouldn't do any deal without involving the tenant, because he would hate to kick him to the curb.The seller owns it outright, and is perfectly happy with the $1,100 coming in, but said it would be nice to sell (he's representing his mother who is in a nursing home).Here are my stats and thoughts:Home Value today - $115kCost to fix up - $25kARV - $140k5 year land contractPurchase Price - $105kDown payment - 20% ($21k)Interest rate - 5%Rent - $1,100/monthPITI - $825/monthLease OptionPurchase Price, 2 years from now - $120kDown Payment - $5kRent - $1,200 ($200 rent credit)The seller's main concern is that he can't come up with the 20% down.

Glad to see you have an attorney, hopefully they have a brain and will keep you out of trouble, and yes, there are attorneys who see your screw ups as another opportunity to represent you and charge you again, they are very good at staying out liability issues.

Depending on state law, the agent can not serve two masters under agency law, they may represent the seller with limitations or, the agency relationship may change only to facilitate the transaction.There is a duty to inform the principal, the seller.

Sometimes its not the company that is the problem, sometimes its the agent representing the company, and sometimes its the company.

Unfortunately, after all the housing melt down banks helped to create through their unlicensed loan representatives, they've once again been given a Wink and a Nod by the government and have succeeded with the very confusing New Good Faith Estimate.

I do not want to waste time.How do I go about finding clients to represent?

I understand you buy basically what amounts to a pre- sold property, but is it in your name, a business entity, or are you simply a representative of the buyer?