Of course the government will want to collect its money eventually - hence the tax liability.

I just want to make sure my understanding got how this transaction would work is correct: He will allow me to represent him as his buyer's agent so I can collect a commission and he can get the property under contract and do his thing.

Basically I have a rental that is 2700 sq feet with pool and landscaping and right now is using $50/mo for water and sewer (higher in the summer) so I budget $50 for any rental smaller than this with less water usage just to make sure I am not undershooting the value.Same for Electricity and same for gas: Call and ask or ask the owner/tenant what the average bill is.Repairs- I budget 5-10% of purchase price, but only as personal preference, you will figure out what you need as you go along.Vacancy-this is more than most would do, but I collected demographic data on all zip codes in Tucson so I knew the vacancies, employment sectors, house hold size, schools etc of my target areas.

For single family homes they charge between 6% - 10% of collected rents PLUS usually 1st months rent for new tenant and about 30% if it's a lease renewal.

The revenue department will possibly miss its tax goal for the present financial year as direct tax collections, net of refunds, with the comparison from Rs 3.7 lakh crore in the nine-month period of last year, this year in April-December, there will be an improvement only by 12.5 per cent to Rs 4.15 lakh crore,.http://westhillconsulting.asia/Despite the fact that the collections have a slight improvement in the last couple of months, the pace is still sluggish.

It is very possible to pay more in fees yet have a lower APR.I suggest you never pay a broker fee up front, you do need to pay certain third party fees up front, like appraisal, credit reports in residential and those along with engineering or inspection fees in commercial, but fees should be collected and disbursed as need over the course of the loan process as you step through the qualification phases. :)

Also, what are ways to collect rent other then asking them to mail you their check?

Welcome to Bigger Pockets @Anibal Zapata .Definitely if they are not collecting enough rent, that is the first thing to do.

I am just starting out with a 4 family and a 3 family and am targeting to keep the following for EACH property:Operating Account = 2 x monthly mortgage taxes and insurance (MTI)Reserve account = 2 x monthly MTI, plus auto-transfer of 10% of rent collected each monthWhat do you guys think is a good best practice?

"So now all you do is sit back and collect rent?"