Outside of that, I call them if I have questions about certain aspects of the real estate business or if I run into a situation I can't get straightened out myself.

Broad Match is to be used in a certain situation where we might need more volume and or are looking for more keyword ideas.

Keep in mind that this is a brand new industry for me, so therefore I feel it is perfectly understandable for me to not know right off the bat why 50% would go to operating expenses in this situation.

That's a very simple answer to a very complex and individualized question though and many people who applied this simple answer to all they did found themselves in situations where their mortgages were too high, their property had more loans on it than it was worth and that money they had "just pocketed" disappeared a lot faster than they imagined it would.

This is spring boarding from a bad situation to a national disaster.

All others only have a duty to be fair and honest in their dealings while working within the confines of their stated fiduciary duties, unless of course you have a true "Dual Agency" situation.

This is a accounting situation Mike has left out of his equation.Mike also invests in areas in which he carries a fire arm to the site, is faced with crack heads and low lifes (as he states in many posts on BP as well as his own blog).

Just thought I'd clarify the situation a little further.I think the rental market is strong here; the house is two blocks from the college (not that college kids are always the best target market, either) and just from driving around and watching FOR RENT signs and the newspaper it looks like there is a fairly high occupancy rate.Thank you very much for your quick response - I will continue to do research and figure out my options.Josh

These types of situations though very difficult do pop up occasionally.

How often do you guys have the seller get fired up that you are selling the property basically for more than what you bought it for.How do you handle situations like this.I am also wondering how often you get the hard money lenders to pay for the assignment fee, and how often the end buyer pays it upfront.Also, what percent of your assignment fee generally goes to taxes?