However, with a more sophisticated seller, you're more likely to see these kinds of deals succeed.So, I guess that obstacles count as a con - it may be better to avoid all the hassle by just using regular channels.A pro I can think of is being able to negotiate your own terms.

Their terms are different but I run the numbers using the best one.

Account ClosedI guess I am in a higher demand area as I usually get several qualified applicants (or I am not setting my rent as high as it could be).I recommend you get feedback from others on this as well as run it by a lawyer familiar with the Landlord laws in your state.

I haven't seen the house in about 2 years so it's not like I'm running down there dealing with stuff myself but ultimately I don't have it under true "property management"I owe about 29K on the mortgage and about 13K on a HELOC that I used to purchase another property a year and a half ago. 

@Jill Drebing Do you mind if I run these numbers past my underwriters and see if they think it is doable?

It's probably a toilet that is constantly flushing and/or running.

With commercial land brokers commission agreements typically run about 8 to 10% total depending on the project size.    

Some of the issues we are running into that are either slowing the deal up or terminating the file completely. 1) Liens/judgements arising during the title search preventing the sale2) One off issues, such as shared driveway issues, shared parcel issues3) Death certificate ordering (slowing down process) 4) Abstract & Survey updating (taking about 3 weeks to complete in our area) 5) Attorney Communication (When our attorneys are not on one side of the deal) These are just some of the issues that we are seeing in our market.

You'll run your numbers based on taxes, insurance, repairs and cap ex once you get rent rolls. 

I will need to run the numbers to see what that looks like.