They just want to list and market because in the time that would be required for them to protect you with all the needed information for you to know what you are buying they could list several properties they could be earning commissions on.

Hire a project manager, pay him salary/commission to align incentives and let him handle the day-to-day construction management.

I suppose the short answer is contacting the local Planning and Zoning Commission to get an understanding on What mixed useage is allowed in the complex .What is your Cost Conversion per square foot if the town allows this to happen ?"

You have a few basic things like commissions, down payments, closing costs, etc. that need ton EM calculate but they are fairly simple and it's the same few formulas over and over.  

Insurance $125.00 Interest on loan(s) Land tax $259.00 Legal expenses Pest control Property agent fees/commission $290.00 Repairs and maintenance $145.00 Capital works deductions Stationery, telephone and postage Travel expenses Water charges Vacancy Est $203.00 Total expenses $1,022.00 Net rental income or (loss) $1,878.00

This will save you the seller approximately $10,000 in sales commissions and closing costsPlease sign at the bottom which option you're interested in, and text me at XXX – XXX – XXXXYou can take a photo of this letter of intent signed, and text it to the number above.

Plus, your mom is an agent, so you should be saving at least 1/2 the commission on the sale.  

In my market, if I charge a 3% commission at an average list price of $225,000 then I will make $6750 off that one listing. $6750-$2400 = $4350.

I set up S corp for my RE Agent practice and therefore when I rent my own property, I write a commission check to my brokerage firm and he writes a check on my S Corp’s name (mostly I rent it by myself to Sec 8 and without coop broker on the other side).

Sell Numbers:*   90,000            Profit (if you sell full assumed ARV)* -14,000            15% CG Tax* -  9,000            6% RE Commission * -  4,000            Closing Cost  $63,000            Walk away.....and no cash flow      orREFI Numbers:*  112,000         Refi 75% of $150k ARV*  - 60,000        Existing Loan payoff* $ 52,000        Walk away....and you have your cash flow still coming, and...you have $52,000 for another property.