I agree that just for a few flips that $10-15K for a device and program wouldn't make any sense. 

It made sense to me because I'm seeing a lot of that with Garfield.Edit: I just asked one of my friends who lives in Garfield (one guy in a single family home).

If the returns are still within your range, then it might make sense to use this person and pay the fees.

The common saying you get what you pay for definitely justifies higher rent as my focus is to differentiate the properties with quality and customer service. 

A refinance immediately after a 1031 exchange of the new property is pretty common.  

Is this something that is common?

Brand new to REI and in the process of just acquiring knowledge before diving in anywhere.Since I live in the SF Bay market craziness, I'm looking into opportunities out of the area.I know Austin has been a hot market recently, and as such may not have much available (in the cash flow sense), but I'll be visiting there next week and curious if it's worth reaching out to a realtor there to take a look around.I figure when I'm ready, I'll probably look to buy-and-hold a single family or multi family that starts with cash flow.  

The existing mortgage stays in place and the buyer takes over the payments and the deed is transferred to the buyer.The most common stipulation found in a “subject-to” contract is that of the buyer completing a home inspection.However, with home sales becoming more difficult and find the need to sell their house for far less, buyers are harder to find and those that make offers are not able to complete the purchase because they face difficult lending criteria.This is where subject-to an existing mortgage comes in, what this means is that we the buyer of the home takes over the title to the property, but the seller retains the mortgage itself.

Bruce,I think you are absolutely right with your assessment of Bay Area market.At the current price levels, it will be very difficult to find anything that makes sense.

At 2 million dollars this project would not make sense in regards to ROI for expected rental income.