When looking for financing in my personal name, even without proper seasoning, I've received decent rates (4.5%) 30 year amortization and 15 year balloon based off of 75% of the newly appraised value. 

The purchase and sale agreement stated seller would contribute up to $8000 closing costs.Because the units are occupied, and because the closing was mid-month, I was expecting to receive @$4000 in security deposits for the current tenants, and $2000 in prorated rent amount. 

I just received Brandon's book on investing with zero or low money down.Thanks!

I see you're paying for items but are they receiving compensation? 

I listed the property yesterday for $1,025 on Postlets, I have already received 7 responses.

Or do they receive commission on what my cash buyer buys it for?

It seems to me when I used to live in an apartment in LA, one resident was considered the manager and received a concession on her rent for doing the management chores.

You have already received multiple responses as to why that is not realistic in the real world - UNLESS you have this secret source of cash Buyers that WILL pay more than the general market!

We received the new tenants move-in checklist from his agent and it states that water leaks from the ceiling when the tub is ran in the upstairs bathroom.

We received the new tenants move-in checklist from his agent and it states that water leaks from the ceiling when the tub is ran in the upstairs bathroom.