You'll pay an extra $500 say above the cost of the yearly maintenance.

We make basements into an extra bedroom/office and a rec room.

Since your house would be constructed of all glass siding, durable non-glass siding would be available for an extra charge.

They will have to have an "Authorization To Show" allowing them to unlock a door.They will also need an agreement with the party they are showing the property to, an agent can't just take people off the street and say anything about a property without having an agency relationship.What you'll be asking is for an agent to do some leg work for a small flat fee and no hopes of earning a commission of a property they show.

Hi, I am new to real estate investing and really appreciate how much I earn from your posts!

Management is a good thing to include even if you are doing it yourself - the additional money you earn by managing yourself is more like money you earn by doing a job than income on your investment.15 year scenario:Asking: $60000Down: $15000Financed: $45000 @4.5% over 15 yrsGross Income: $10200 (850/mo)Expenses (50% rule): $5100NOI: $5100Debt Service (PI part of PITI): $4128Cash Flow: $972 (81/mo)Cash-on-cash return: 6.48%30 year scenario:Asking: $60000Down: $15000Financed: $45000 @4.8% over 30 yrsGross Income: $10200 (850/mo)Expenses (50% rule): $5100NOI: $5100Debt Service (PI part of PITI): $2832Cash Flow: $2268 (189/mo)Cash-on-cash return: 15.12%When you add the principle paydown back into equation, the numbers even back up, however the extra money you pay in order to be done in 15 years is still only saving you 4.5% interest - something that money could beat if put towards a second property.

But after 4 years of working together, I know he's going to be all-in to make this work, especially if he is working to earn a bigger cut than just salary or even salary+bonus.

If that number is high enough to justify the work plus extra, that extra is potentially your margin if you were to wholesale to someone else who had the same numbers you did.

I don't like the practice personally, but it does exist.Can't remember if I mentioned this before in this thread, however, if you concentrate on older assets (say 90 or 120 day DOM listings), you can find some extra motivated sellers where bid wars are vacant.

Here are my reasons:http://www.biggerpockets.com/renewsblog/2010/02/24/should-you-get-your-real-estate-license-investors/Btw, while it wasn't my primary motivation to begin with, the best reason I now see for having your license is the ability to control your deals, especially if you'll be selling your properties (in other words, less important for those who are buying and holding).But, access to the MLS and extra profits are two other important reasons...