First of all, I would like to say this is a very common subject when screening for a new tenant.

It makes it easier when us wholesalers are working together I am doing to jv deals at the same time with two pretty awesome guys so far and I am newer to the wholesaling side but I have heard about a few very bad guys to stay away from just by word of mouth and also doing what you said back ground check .One question of subject how is the market in Houston have been looking to move between Florida and Houston the last few years .

I will also throw in I am brand new and looking for whole sale properties and properties I can take subject to and rent out.

Most people will get these to minimum occupancy standards (e.g. sturdy floors, no roof leaks, working plumbing, hot water, air conditioning / heating, etc) and then rent it.  

That makes everything in the deal be subject to negotiations.Commission splits are a third rail discussion for Realtor Associations. 

It's obviously difficult in this hot market to find anything worth giving a second look.

Welcome BrianI am assuming you are looking for a wholesaler or realtor with a hot deal that needs renovated in those areas.  

The boat slips are rented seasonally, paid up front, and currently generates $2,000/month (when averaged over the year).Total monthly income: $11,250 ($135,000/year)Expenses run very low, from what we can tell, listed annual expense:RE Taxes :12,000Insurance: $6,500Water + Common Electric: $3,000 (heat and hot water is paid by tenant)Maintenance + Repairs: $2,000Management: $10,000If we do 40% down ($700,000) and finance $1,050,000 @ 4% over 15 years: $93,300.Add for vacancy, misc, etc...  

Hi,I am about to open a 1031 and anticipate buying 2 or 3 homes ($120-180k ea.) in the Nashville/Middle Tennessee area, which is a very hot market with limited inventory. 

He seems like a hot-head, so I would be ready for either damage or his refusal to leave.