No charge, and quick access.

It is about 1 mile from my house, great neigborhood and all.the rent on the place is suppose to increase to $750 a month tax is about $6000 a year.what would you guys pay for this place... they want 10% down at the time of the auction... can anyone help me with what to do... such as finincialing and all...I am thinking $550K would be a good price... hopefully can get it cheaper...let me know guys

The cleaning fee she charges me is an additional fee charged to the tenant when booking so it is not out of pocket.2) You can easily self manage if you have a person out there you trust as your cleaning/maintenance person. 3) I know it's only 10k a year profit - but in the long run it's paying for itself and in 10 years when I have it paid off, it's going to be 330k (more at that time) in equity - thats why I am doing it.

A bank takes an expense to add funds to its LLR, but when they charge-off the loan it just reduces the LLR without an income hit.

Second, how does one determine the price to charge for the option?

You need to get an agreement signed by seller showing you are merely assisting in marketing the home and are charging a commission or some other contract protecting your interests.

They should know that you are charging an assignment fee.

At that rate a hard money lender would be cheaper.

It was nice that postcards worked well because they are cheaper

I charge a 1.00 a day on a monthly basis.