I know there is some glitz and glamor to "being your own boss", but as a new agent there is so much knowledge that needs to be soaked up, and applied on top of the daily "run the business"/operations items, that it can be overwhelming.

It sounds like you'll lose some value based on the speculative nature of the properties that can be converted to single family homes.

Maybe I should have prefaced my question with more backstory considering the more personal nature of the replies.

If that applies with this one, then there is no "but"!

A Guide to Modeling and Overcoming Analysis ParalysisI am a numbers person by nature and often consider excel to my second home for my 9 to 5 job and so I can relate to those who find themselves wanting to exhaustively model a potential property and the cashflows that could result.

@James Yancy II Upfront fees will almost always be applied to your closing if you choose to go with that company.

I found a off-market deal about 2 months ago, and I was about to close the deal, but apparently the owner has some tax problems.They owe 6k at the county and from what he said " there was an issue where their payments were not being properly applied to their account for several months and they can't even make anymore payments until the company tracks down the payments they already made".

@Cassi Justiz does this apply to duplexes as well?

A business expense is defined by it's nature of being ordinary and necessary, not by how you hold the asset.

A very common business model for HML is to promise the world, get everyone into escrow, get everyone to apply and pay for an appraisal......then cherry pick only the very best and safest loans to fund, and find a BS reason to deny all the others.