It was like the stars aligned and I think he could be a great contact.

From what I understand, a property manager in this space is going to run you 15-20% of gross rents (we self manage).In terms of the business itself, I'd expect lower occupancy the first year as you establish your property's reputation (stars on whatever site(s) you list on).  

This afternoon another Mortgage company, Gold Star financial told me it should not be a problem regarding the appraisal categorizing the house in fair condition.

I want to thank everyone in advance for the feed back...Hey guys I'm trying to learn how to be a R.E rock star like most of you so PLEASE DON'T BEAT ME UP!!!!

The more i read about this model PAYNE the more i see it as a 2/5 star system with LOTS of problems down the road.

Another question - this is regarding the property via homesearch.com (property owned by Nation Star). 

(shoot for the moon land on the trees, shoot for the stars and land on the moon, or something like that)Background - Accountant (Audit and Tax), Asst. 

If reading between the lines looks like you maybe do sub too deals and or owner finance and I guess you find owners that require no money down to take control of their property.. or something like that.you mention a sports star..

If not, I'd consider your lucky stars and see if the guy would buy it from you +$50,000 but be willing to come down for a quick sale.

@Zack,Commercial brokers with access to Co-Star might be able to assist whereas recent sales comps as well as current listing prices can be used to generate a BPO.