Don't know any state laws that restrict fee structures that can be charged.

If the conservative financials look good, there is upside potential rather than being too optimistic and never hitting the analysis numbers.This site has a lot of info about using 50% of rent as an expense factor, as a method or at least another gut check.

We structured the deal, so that the interest rate and monthly payments were graduated and rose annually based on projected rent increases.

Is there any way you would suggest structuring a deal like that.

I have been using the wholesale strategy for about 5 months now but i cannot seem to find any deal i had two contracts but both fell through and now all I have to invest is about 50 bucks please tell me some free too low cost marketing methods to find motivated sellers thanks!

If you buy a house to rent out you will inevitably need a slush fund to pay for the unexpected hot water heater failure, etc.Once you get a few wholesale deals under your belt you will understand the market better, have met a number of other investors(check out your local REIA to meet them) you can learn from, and better understand alternative methods of investing to move forward.Keep asking questions and reading posts on BP and you'll have a wealthe of knowledge.

The floor might also be bowed where the toilet sits from rotted out sub floor and needs to be redone and extra structuring underneath.If the light fixture has sustained water below it's best to replace it rather than something bad happening later on.

On the next job, I'd buy the materials for him and have them delivered and pay construction manager type of structure for him.

For occupancy they can look at last 2 years tax returns from the 4506T form the borrower signed, they can pull nationally any properties owned by the borrower and spot check for tax billing vs property addresses and other methods.

The more you understand about conventional business finance, the easier it will be for you to understand the unconventional finance methods you will encounter in REI.Although you will see some people on here and elsewhere who use all kinds of formulas to analyze RE deals, it's really not any harder than 5th grade math.