Closing costs when using bank financing typically include origination fees, appraisal fees, doc prep fees, etc.

Then there are the NEFAR fees, about $500 a year, so factor those costs into your business model too. 

We have to install filtration equipment when redeveloping a property, but not when purchasing to continue an existing use.

Isaac Braun you are owed rent until it is RE rented plus any damages (security deposit - Paint, flooring, etc) plus RE-leasing fee or lease termination fee if it’s in your contract.Most highly qualified people won’t stop paying rent, forcing you to evict them and get a $$ judgement messing up their credit.

Do your research, and choose wisely.2.5) Never sign a long term property management agreement with an early termination fee -- keep flexibility to replace your manager (you only have to make that mistake once $$$)3) Consider investing in a large property as a partial owner rather than buying a small property, especially early in your investing career.

I've adjusted my closing costs to 4% and 6% for agent fees.

Some REIA meetings might also have food if hosted out of a restaurant space.You can find some free ones with Meetup.com, but they aren't completely free because Meetup charges the host of the Meetup group monthly fees.

However, it may be beneficial and more convenient for them to do so anyway.I would have to assume that the cost of the tax preparation should be built into the maintenance fees. 

Our original plan was to invest in Clayton County, hence all the areas described above.We're using the BP deal calculator and looking to get to a monthly cash flow number of $200/month with a return of at least 10% (after all expenses allocated for: PITI, CapEx 10%, R&M 8%, vacancy 8%, property management 8% and other PM "other fees" 4%.

If I could get it for $80,000 with a 10% interest (finder's fee) coming to $88.000 would that be a something a buyer would be interested in?