It was way too big of a job at my skill level.  

There are lots of different ways to go and I find that most investors I work with have a preference that excites them and also balances their comfort level. 

Even if they can get $1500/month per apt. which is really at the highest level for 2 bedrooms units, they can reasonably only make about $400/month after taxes, insurance, water, and CAPEX/repair.  

My initial plan was to purchase with cash then take a mortgage out after it is rented for 3 months then use the mortgage money and add 20% more of my cash on hand to buy the next place; I could have done that to purchase 4 houses which would have my passive income at a comfortable level.  3 of the 4 houses would have a mortgage and I would have mutual funds and 1 house to cover the debt of the 3 mortgages. 

Master bedroom and 2nd bedroom on the second level.

It had the garage on the main level with the living space above it.

And with the consistent referrals I give, if anyone is getting "screwed" here id say it's me.im not even going on that level, I'm just asking if it's fair, or if anybody has negotiated deals, were the agent takes a little less than that standard rateOriginally posted by @James DeRoest:Originally posted by @Brian Orr:I've been wondering about all the overhead built in to buying and selling.

You are right to want to dig deeper and find out if there is a catch or not ... above are a few additional things to consider.

We want to take it to a higher level and do about 9-10 flips/year.  

You need to figure out what level of finishes are expected in the area and estimate the rehab based upon those expectations.