I know most people have reserations about it, but I have found applying the residential marketing practices to commercial sales yeilds great results because none of the commercial brokers do any of the stuff we do.With the market the way it is in home sales, I was just wondering if anyone else was considering going to the "darkside" If anyone is, there is a lot of opportunity to be successful

Collect earnest money from the buyer as well!!!

---- REO practice can be very interesting!

I specialize in Student Housing and own a couple of houses near a local university.I came to this site (and others) to find some information on best practices for my niche as well as try and find some information on different RE opportunities.

what is the standard practice?

I don't know if I'll ever make any money off of them and I don't plan to because I just love collecting but my kids or grandkids my enjoy my early 80's card collections and my signed footballs and stuff.

That puts the dot com crash to shame.What are the practical effects?

Other local practices may vary from what I describe.The whole initial purchase transaction gets handled by a title company.

So, if you're collecting $1000/month/property in rent, and have expenses of $500/month/property, your NOI is $500/month/property for a total NOI of $60,000/year.

I am working on getting my credit back up to par.But I am trying to buy the house I am renting in as my first rental property, I am in charge of the house per the owner, so I am collecting rents, and we will have our final roommate (potential roommate) to check out the last room available on Apr 9th.