Pass it to an agent, you collecting a referral is “iffy”, he can’t pay you a fee based on it closing. 

Hi Heath,When you say he owes $138K is that his payoff amount, including the back payments, late fees, and any pre-foreclosure costs?

In other states, HOA fees are minimal, but here in California as you have seen, HOA fees can be us to $500.

Do I ask the contractor if they charge a fee for rehab estimates?

@Lee Underhill if you can buy $80k condos, with reasonable association fees, and rent them for nearly $2k per month, buy every one you find!

When I was analyzing deals in the Private Equity sector, I saw everything from 26% - 42% IRR needed depending on the size of the company managing assets, additionally how many Management/Fee company's are factored into the business model and at what point in the expense model they're collecting fees.There are payroll, Marketing, Office space, etc... now a part of your business model, acquiring an asset for cashflow becomes a small part of your equations. 

I offer a subscription service.

I have an investor from out of state that's willing to offer 10% interest only for up to 12 months with a 2% origination fee and a minimum note of $50k, but I would prefer to utilize a hard money lender here in the Indianapolis area.

PenFed requires you to be a member, but you can just sign up (and pay a small fee) for one of the military support clubs and qualify.

:40-60% gross revenue (after cleaning fees) for either 2 years or until the investment is recouped then 5-15% cut in perpetuity.