A real estate broker, for the purposes of this article, is defined to be a person, firm or corporation who, for a fee, commission or other valuable consideration, or by reason of a promise or reasonable expectation thereof, lists for sale, sells, exchanges, buys or rents, or offers or attempts to negotiate a sale, exchange, purchase or rental of real estate or an interest therein, or collects or offers or attempts to collect rent for the use of real estate or solicits for prospective purchasers or assists or directs in the procuring of prospects or the negotiation or closing of any transaction which does or is contemplated to result in the sale, exchange, leasing, renting or auctioning of any real estate or negotiates, or offers or attempts or agrees to negotiate a loan secured or to be secured by mortgage or other encumbrance upon or transfer of any real estate for others, or any person who, for pecuniary gain or expectation of pecuniary gain conducts a public or private competitive sale of lands or any interest in lands.

Well, it's not cap gains especially if you had it less than a year, but there are no state income taxes here.  

What would be the typical cash flow per door for a 4-plex?  

For example, if we convert to condo, each shareholder will technically receive a buyout for their shares and in return receive ownership to a unit - this will cause capital gains to be realized for those shareholders who have equity.  

Some sellers will include estimated vacancy and maintenance, typically 8 to 10% a piece.

There’s typically a good mix of attendees - usually one or more attorneys, a number of agents, many experienced investors, landlords, flippers, rehabbers, contractors, lenders, etc.

Is this a typical practice?

Smaller jobs typically charge more per square.  

Hi Robert, I work with multifamily and single family property investors that either buy and hold for cash flow or rehab and flip for capital gains.

While it has a balloon at the end, but they typically just refinance the loan for another 7 years at a new rate.