These activities by a disinterested third party would be considered real estate brokering in my state and require being run through a licensed real estate brokerage.

The are also running the expenses at 55% of rent, being that 50% is a conservative rule I think with my experience I could bring it lower then that, but I'm actually using the 55% in my numbers. 

The sad part is that we like most other people out there are not asking g for something for nothing but the invested have forgotten that at some point in time someone helped them out and took a risk that they are now not willing to to but they still want to concidering themselves "investers".

We do make money and have plenty of fun stories for party conversation!  

A win win for both parties is a great formula for sucess.That's my 2 cents.

Many times I use the commission when figuring out my numbers.Until an offer is signed by all parties, it is fair game and not unlikely for a seller to accept a better offer before another offer is signed.

I find that Firstbank, although a solid bank - I have a banking relationship there, is a tad conservative. 

Conservatively, I project that I could raise the rent by at least $100 per unit when all is said and done, and of course, nice-looking units will attract reliable, long-term tenants.On the other hand, am I going over the top?

This part is exciting.  

Now we're in a breach of contract, with only $3,500 deposit at stake on a $333,500 package.Gave an extension of 2 weeks to hammer out some type of deal agreeable to all parties involved.Cut 2 properties from the package ($160,000),  Buyers came back with half-down and Seller agreed to finance the other half for 1 year with guaranteed monthly income.The Buyers will have enough time to finish repairs, get all units occupied, obtain permanent financing, and everyone comes out a winner.Hard to make up 7 months of your life.