The seller would get their cut, you would get your cut, the end buyer would get the property.Now its likely you will need to bring funding for the first transaction.

If it's a really great deal go ahead and lock it up with as cheap earnest money as possible now to get rid of competitors so it changes to pending status.I can guarantee others are looking at it right now and running the research you are as well.Get it locked up cheap and then do most of your research in your due diligence period.If you find you do not want the deal you can always assign it for a fee if allowed or bring in a partner to help with additional costs that is discovered or you can negotiate the price down further.I see it everyday where an investor does too much upfront work and do not get it under contract and lose out to someone else.

If I wasn't my own boss I'd be in danger of being fired :)So I suggest you learn how to do your own title searches as it gives you an opportunity to address and resolve issues before you bring your investors in.

It would be great to have unanimity among the family, and time may help bring that around.

Wiffed on the management expense, got a phone call as i was reading and responding.I would go unit by unit and bring your GC to get an exact cost.

Doing the minimum only brings the market value up a minimum amount, the real gravy comes from the finishing touches, and that is not just the literal finish touches, sometimes, that includes moving an interior wall or two to improve the layout, flow, or functionality of the home.

not sure when my reply was made, but my tenants (young but responsible kids) left at the end of January. they were paying $1125 and had to leave cause money was getting tight (baby and suck). i offered them to lower the rent for 6 months and then bring it back up, but they left.After some active and passive loss (updates and vacancy) that totalled ~4k, i put it with the agent on the MLS. just being vacant for one month costs me $2,250 (Realtor fee and empty month)was able to get applications immediately and signed up a family for 3 years at the rate of $1,225..increase of $100.

Should bring 400-500 per month once set up..Asking price is 4,500.

., will not only make your life easier but will ultimately bring you deals.

I can't tell you how difficult it has been to bring together a lineup of speakers who aren't in it for the $997 courses or the $5,000 bootcamps, or the $20,000 mentoring that they are selling.