There is a good bit more to deal with but I think they are ghosting me.

I am looking to do my first deal.

It is increasingly common for a PM to charge a "leasing fee" which covers all the costs of marketing, showing, screening, placing tenant under contract, collecting deposit and rent, setting up utilities, getting the tenant placed, etc.If the PM can't justify the cost, then they shouldn't be charging it.

I recently invested in a small multifamily deal outside of Detroit that I found through twitter!

In our case i'm very concerned w high transaction costs if we sell. 

How did you find this deal and how did you negotiate it?

Hey Michael, Not sure which book you read about wholesaling, but here's the deal: wholesaling is mostly about sales and marketing.

Especially with the cash flow you're getting, great job on this deal, what a winner!

Cost Segregation and Tax Basis A cost segregation study dissects the purchase price or “tax basis” of a building property that would normally be depreciated over 27.5 years for residential property or 39 years for commercial property.

I have financed many deals in that area and it seems prices are trending down and no one is getting the ARV they thought.