With the current state of the market high evaluations and low rents.

Seems like a lot of grey area that probably will be most easily clarified by local lenders, nonetheless I appreciate your insight!

@Jeremy KerrProps for stepping out of your comfort zone.To be honest, your worth in this particular deal is whatever the experienced large scale investor thinks it is (assuming you have no finder’s fee written contract in place.)Ballpark estimate in my opinion is that finding the deal might be worth 5% to 10% of the deal pending structure of the deal.If the large scale investor is a person of character and integrity, he should provide some form of compensation given your relationship with this person.My suggestion would be to not focus on the compensation per se but try to learn as much as you can from this person during the evaluation of the deal.

You need someone to find the properties for you, someone to honestly evaluate them, take pictures for you, give you an approximate rehab cost estimate, someone to do the rehab and solid property management.

I could easily live on $20,000 a year.

We evaluate it annually against market rent rather than plan to certain percentage, then increase it 50% of the gap between market and current rent.

But it is useful for quick evaluations.

Comps are almost non-existent for this type of property in this area, so basing my own evaluation on cap rate and cash flow.

You can easily search one of my LLCs and see the properties in it.

They want to see that you have a history of paying things on time and you also have enough income that you will be able to easily afford the mortgage plus other debts you already have.