Then, I subtract my fee, which has been $5K every time, because anything more, in most cases, would be completely ridiculous from the seller's perspective (as if a 50% of market value offer wasn't ridiculous enough to them already), and anything less would make it hard to recoup my marketing dollars spent.  

Originally posted by @LaSean Smith:What was your rationale for paying off the current home?  

Quick note since you're doing real estate related software: Go make some decent mortgage origination software (not marketing software, not a cell phone app -- origination software).

You have to find out the costs associated with evicting a tenant in your area (lawyer fees, court fees, etc.).  

Do the realtors take a fee for the contract? 

Although I had originally purchased as a buy and hold, I made a few repairs and got a call from a local investor interested in making a deal.

Originally posted by @Sam Shueh:Looking at ROI.

The fees make me cringe a little but as far as I can tell this a step in the right direction.

Here is a blog where I wrote about a recent 42 unit we bought and did creative things to add value. https://www.biggerpockets.com/renewsblog/bought-multi-million-dollar-apartment-complex-age-26/Just a few ways to produce ancillary income:- Laundry Coin laundryDetergent/laundry essentials in a vending machine in the common area laundry rooms.Rent individual W/D to each unit-Parking Garage parkingCovered parkingprime spot parkingJust plain old charge for parking-Renovations Interior units upgradesCommon area renovationExterior upgrades for curb appeal-Vending machines In common areas such as exercise room, pool house, laundry or leasing office-Trash pick up service In high-end buildings they have a service where you can set trash outside your door and for a fee maintenance will go around each night and collect it so the resident doesn't have to carry it to the dumpster.

Originally posted by @Aaron R.