In fact I bought the first 11 properties with 100% financing.Private lenders typically charge much less interest, often times for longer terms.Hard money lenders typically charge higher interest, around here 12% interest with 5 points is typical. 

I add a $300 charge to leases renewing month to month.

There are always some landlords who charge high rents and some who charge low rents in every neighborhood.

They charge a lot of money to basically do what I just mentioned in my last paragraph...writing letters to the credit bureaus to have negative items removed. 

Don't charge anything you don't have the cash to pay for right away.

If not, is there somewhere in the leases that charges CAM's: landscaping, plowing (if needed), or cleaning the parking lot?  

Proposed deal:$15k down$135k purchase price$15k loan payoff feeOwner financing 1-yr balloon with 20-year amortization at 5.5%Our PM charges us 8% of gross rent as a monthly fee.The problem that I'm struggling with is that the units are not individually metered, and the rent includes all utilities.  

Anyone interested in finding out more about the meetup can contact me or Aaron, or join the closed (private) facebook group at https://www.facebook.com/groups/MetroDetroitRealEs...There's never a charge for the meetup beyond anything you order to eat or drink.I'd also recommend attending some local REIAs and getting to know your fellow investors. 

Most states you cannot pay non licensed people kick backs for commissions.you can though just not charge what you would normally charge.so if your normal fee was 6% to double end and you wanted to only charge 3% nothing wrong with that

Since tenant moved out I charged for cracked window, lock changed because i did not receive them until the 1st, paint because of discoloration of walls from grease in kitchen only.