It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Most agents will need you to provide a pre-approval from a bank or a proof of funds.As far as strategies, depending on the market, off-market deals generally go to investors using cash or hard money. 

One actually told the judge that we had more money than they did so it wasn't fair to evict them . . . gotta love them at time.

So if they can get guaranteed 5% interest in an account they can get their money out of at any time they’ll want 8-10-12%. 

It's an easy way to make more money on the tenants who are already staying at the property, but you'll target families and higher end clients who really need a golf cart, giving you higher yields and potentially better clients.

The long-term moves are to get a concession to buy down the rate for good (not a 2-1 or 3-1 buy down), it's a smaller number (i.e. .25% or .5% decrease on the rate), and getting their full closing costs covered is money out of their pocket today they'll be saving that could be huge to give the buyer more money for repairs and/or furniture along with just life expenses. 

Owner finance for purchase private money for rehab.

And you can bail pretty much at any time without losing any/much money. 

It appraised for 320k which is obviously a great spread but you have to remember closing costs, carrying costs, hard money costs and the cost of the refinance.

They loved it because they got some play money right away and steady income each month without having to deal with toilets and tenants.