“My agent is charging me too much in commissions”or “Do I have to pay the standard commission?”

I would go work inhouse for a PM or owner and start earning some commission checks then house hack.

@Morgan Eriksson If I did decide to get a buyer's agent, would the commission come from the seller or buyer?

I have bought almost exclusively through private sales locally and am not sure if I can hire someone fee based as opposed to commission based. 

The response I got was (note I am the broker and the buyer on this property), you are getting a 40k commission on this property, the seller rejects your repair addendum.In all of my experience, having bought and sold about 20 fourplexes and 50 single family homes, I haven’t had seller straight reject a repair addendum and especially not one in this condition.One item of note is that the seller is either from China or is a Chinese-American.  

And how great that is. but a vacation rental dollar is not the same as a long-term tenant dollar. 3% credit card charge, software, insurance that can be two or three times more expensive and may be hard to get, the industry trend for listing sites to charge a commission to the owner such as booking.com at 15%, the fact that vacation rentals require self-employment tax, Linens and cleaners and maintenance people who have to keep it perfect, every possible kitchen appliance and coffee setups add toilet paper and soap and everything else, up to 30% to a property manager. so maybe if you're lucky a vacation rental dollar is 75% of a long-term tenant dollar.

And make a note that the listing agent is getting all of the small commission, there is not a separate realtor for you.The double closing does not make sense though as it appears that they are asking you to fund the first closing and something is going on with the title that the seller doe not have title. 

Taxes, commissions, inspections, finance fees, loan origination, appraisals, transfer tax, escrow charges all add up to sink you.

You can also choose to apply your commission to cover the purchase costs.

Here are the numbers from what I bought it for and if I were to sell and what it would get for rent:Sell Scenario:Purchased for $830K in June 2017Put $60k into it, to include:-2 New AC units-2 New Furnaces-Completely new kitchen/high end appliances/countertops-New carpet throughout upstairs-Light guest bathroom remodel(new tile floors/countertop/Painted cabinets)Estimated sales price: $950-$975KEstimated closing costs if sold for $965K: 2.5% commission to buyers agent/closing costs=$35kOutcome If sold for $965k minus closing costs/commissions(only have to pay buyers commission) I would be left with a $40K profit from what I purchased it for and what I put into the house.