Once you sign that agreement, you have a legal and binding document.Some fees that are placed in addition to a percentage are to help reduce the agent's fees - especially if the expected commission will not provide the agent with an adequate paycheck after the broker's cut and other investments that the agent had to make in order to help the buyer purchase a home have been removed from the commission.The challenge of the buyer is to make sure they have the funds to pay the agent.

If you have to, interview a couple until you find one that you "click" with. 2) Let that agent connect you with their network of investor-friendly lenders. 3) Meet with these lenders, have them talk over your finances with you and what loan products you would qualify for at the moment based on your income and assets. 4) Let the outcome of that conversation (#3) dictate your strategy moving forward and take your findings back to the realtor so you can craft a plan. 

I can at least take a look and see if there is a creative way to play this.Regardless, I'd start renting the property immediately (assuming it's rentable), and starting bring in some income until the foreclosure.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Five Ways Buying and Selling a House Could ChangeThe National Association of Realtors has agreed to change its policies to settle several lawsuits brought by home sellers — a move that could reduce commissions.A settlement reached this week threatens to strike a blow to an established standard of residential real estate: the 6 percent sales commission.

.' - Investing in multifamily properties can be passive with property management services or investing in syndications.Don't let excuses hinder your potential for financial growth and passive income streams. 📈 #RealEstateInvesting #MultifamilyInvesting #FinancialFreedom"

Several reasons:  Phoenix is an expensive and hyper-competitive market; your monthly income is $4K which in and of itself is limiting, but even more so with most of that being cash; and your credit score, while not terrible, needs to be raised, especially with you being self employed and a mostly cash income.

I am trying to get into the real estate industry as one of my main income sources, however I don't want to take a slow and steady approach as a goal to finally retire comfortable at 50.

My recommendation is to choose cities in safe and economically diversified areas with above-average income and population growth.

My goal from day 1 has always been passive income as much as possible.