In Britain it's typically split between buyer and seller, 1-7% total, average 4% but with total transaction costs factored in it's actually more expensive there.

The information contained in this post is not to be relied upon.

Total number of people that would occupy the apartment5.)

Totally agree with you and it looks like I need to get a business license to do the intermediate leasing occupancy (ILO) in SF.

Also totally willing to go in by myself on deals.

It’s not an easy way – and most landlord’s simply rely on the credit report findings- but it is possible.

A better solution, in my opinion, is not to rely on wholesalers,  as not only is it a dying breed due to the sheer incompetence they exhibit due to gurus' wrong instructions and teachings, but, wouldn't it be better to generate your own leads through a high performing website?

Just $800 today for the dozer totally stepped up the view of this property.  

We have increased our monthly rent to price ratio from your ~0.75% to 1.1% but the leverage ate up all the extra cash flow (even if the total return is likely higher).You could be a cash buyer and go from your one property to 20 and cash flow 20000/mo but you are still having to buy and manage 20 properties.You can do better on the total cash flow in other markets or rougher neighborhoods, but the story is similar: you are getting an extra ~25-35% in income for 20x the hassle.

I totally agree with you about spending time in person to build a network - my husband and I are definitely open to making trips to Buffalo or other markets we're interested in to get a better feel.