We require forfeit of deposit, 30 day notice and buy out fee of 1 additional month of rent. 

I don't see how you justify the fee logically.

But high rise resorts are a deterent and associations fees.

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.