Network and try to find a mentor in these groups or wherever you can to help guide you through this industry.But if your market doesn't provide the cash flow you're lookng for I would check out single family and duplexes in Cleveland, OH that can produce strong cash flow such as 44102, 44109, 44111, and 44135.Go into Zillow under rents and look at days listed and contacts.

I would understand that if he was just representing me as the buyer's agent and not owning it 50/50 with me, he would be able to take 100% of that commission for himself, for providing that service.

Would be happy to connect and see if we can provide some value to each other and mastermind.Best of luck to you!

Logan, are you able to provide some more background on what the relation with the land you own has with the magistrate to clear up some confusion?  

If you are set on self managing though, here are answers to your questions:- Most of the time in the U.S. it is just first month's rent and security deposit, I believe that this is actually determined by laws that vary from state to state.

I am interested in North Carolina as a market to potentially invest in.Can anyone provide feedback on the market?

• Purchased directly from a mom-and-pop operator off-market• Secured $1M credit union loan and raised $500K equity to close• Existing owner had inflated expenses and below market rents• In-place rents approximately 30% under market at purchase• Expense ratio at least 10% above the norm How did you find this deal and how did you negotiate it?

The owner of the title company I use holds title to the properties as trustee providing an added layer of privacy.

You're supposed to provide 2 months bank statements but it will only allow you to upload one!

Your responsibility is to act in their best interest and provide them the most accurate information possible about their home.