Although it depends if this is a one off transaction or the seller has significant holdings.I would put the client first regardless as I believe long term relationships are best.A smart broker will evaluate each clients potential "book of business" to them.I like listing the properties to control the deal rather than work with all buyers.I do work with buyers but it is riskier.Some do not have integrity and will try to cut you out of a deal you sourced.In the long run it hurts the buyer and their investment goals just like a listing broker hurting a buyers broker.In the future you might do many deals together and if you burned someone last time they won't bring the deal to you or will try to sell their buyer on something else.I am not talking about shrewd professional negotiations but dirty dealing.I believe in the end the people with good Karma and integrity will outpace and outlast crooks in terms of success in the business.

My reason for asking is that I've been told through my realtor contact that HUD is different in terms of the contract used.

(Source)In terms of rankings, here's where it falls:1 - Phoenix, Arizona2 - Las Vegas, Nevada3 - Sacramento, California4 - Los Angeles, California5 - Miami, Florida6 - Denver, ColoradoI know that you had a bad experience back in the day, but the "typical" weather here is plenty of sun.It could certainly snow, but you're giving people the impression that it is always cold, snowy and miserable here, which is far from the truth.We're currently having a pretty average year, and temps for the next 5 days are: 57, 41, 49, 40, and 54 -- and yes, we are in the depths of January.Here's a chart showing average Denver temps.I hope the above helps anyone who might have some concerns about the weather here.

Btw, having 8% vacancy to raise rates 15% is a winning formula in terms of cash.One last note... be very careful pricing in all those "external factors".

I would say that YMMV in terms of what amount you can claim in a FE&D claim for non-payment of rent.

Wayne, I'm probably a half step ahead of you in terms of getting an SDRIA with Checkbook setup.

But putting any money down in the above scenario is a complete no go in terms of cash on cash return.

In terms of reporting, your PM should provide monthly summary statements for your review and more detailed statements upon request.

Bryan, In terms of cash flow it almost like a zero coupon bond.

One of the annoying "secrets" in this business (that you learn pretty quickly after a few appraisals) is that finishes don't add much in terms of appraisal value.