A rental value of 1200.00 per month should give you an idea that the property if rented correctly at a fair value should be worth no more than 120,000.

Drive around or look on your local MLS and find a Realtor that seems to have a bunch of investment properties listed.

That means they work fairly "neatly", or as neatly as conditions permit.

When we go to sell what is a fair/typical profit split?

In my area (Baltimore) I see a ton of homes purchased, fixed up, and put on the market for fair value.However, these homes are on the market for 4+ months, and the selleris "Motivated", "must sell", "any reasonable offer".I can see by the tax records that these homes were purchased late last year and '07.

I also read about a strategy of having your real estate agent make a bunch of lowball offers for you.

They also have a fair bit of paperwork to make purchases.

There could be a fair amount of money spent while holding until a future resale or future refinance.I would not be put off by the $5K but I suspect you will find many people want to shave it down.

If it's a great deal, we might all want to buy a bunch of them.

Focusing in a way that does not take a lot of money, just a fair amount of time.If you do land a deal or two you can make some significant money to bootstrap your way up the investment ladder.2.