Or you can always get into the property tax services. 16% interest and fee's here in Ky.

Aside from permits, real estate fees, commissions, taxes, etc.

I would have the goal of outsourcing it once you've got some traction but things like list fees and shipping can destroy that budget. 

I don't pay any fees for my own deals but understand some agents do.

That 5K could be eaten up quickly by repairs that were not visible up front, and then there is still the fact that there will be closing costs too that will consume that 5K (even flat fee listing on the resale with a 2.5% commission to buyer's agent will take more than 3K alone).Maybe this can work as a "subject to", but that is another topic - and it might not be a good candidate for that approach because you still have that big rehab number.

Originally posted by @Tom Gimer:@Jay Hinrichs Where I'm from when the hammer price increases, the auctioneer earns more money. well it can't be much right... foreclosure fee's are usually set price .. but then again like we talk about its all regional.out our way you have a minimum wage or a little bit higher person doing this for the trustee. 

The management fee allocation of course depends on whether you will self-manage or hire someone. 

They can refuse that for a fee to compensate for the delay in re-leasing the home.      

The fees on those things are usually not great at all.

I recently learned that I can't legally charge a management fee in state of Oregon for "managing" a small residential property.