When you have a sec, be sure to upload a personal profile pic as well . . . that'll help bring you a little more credibility here.Jump in and good luck!

My Texas PM charges me 7% but they do charge 70% for finding a new tenant as they have to pay, through the MLS, 50% of the first month's rent to the agent who brings in the new tenant.

They are asking $550,000 for it and there are fourteen spots that bring in $250.00 each so a total of $3500.00.

Another possible play is finding out what it would take to bring the loan current and purchasing the property subject to the existing debt.

I wouldn't bring this up with your lender as a question.If you intend to manage for the LLC, you could bump into RE license requirements.

Here are the numbersGross rents - 13200/month 158,400 /yrOperating costs avg range-82-88k /yr Net - roughly 67-75k factoring in 2% -5% vacancy rangeThe mortgage is at 200k at 2% over 10 years so about 24k a year bringing my net down to 43-51kThe building is in MA and I'm currently living in Texas- I'm managing remotely using people for books, repairs and rentals (my net factors in their pay).

However, the easier you can make it on them, the more they will come to trust your judgment, and thus, will choose you, over and over again, over the million other wholesalers bringing them deals.Shoot me an email - [email protected] - and I'll hook you up with my student in Jax.

By listing it though, I am able to bring value to an agent that could potentially bring me my next deal.For me, not using an agent would probably be "penny wise and pound foolish."

If your friend brings you a house you like, I'll fund it."

One student would bring every single scenario to us without trying at all to figure out how to handle it.