I initially started with a turn key property in Fayetteville Arkansas a year and a half ago.No I’m ready to take on another challenge by doing the BRRRR method.

Heck I know some people that dont even pay half until all work is completed but I've found that difficult to implement.

I would like to speak with a real estate lawyer on what happens when you buy a property under a LLC, but then you get divorce and the spouse wants half.

Thought I'd share my experience, I worked with both my accountant and a financial advisor I hired when I bought my first condo last year, which I live in and rent out the other half to someone else - My tax accountant was very helpful with figuring out the tax impact, AFTER I decided I wanted to buy a place.

They also provided 24/7 staff at the sober living house.Many half-way houses are essentially large scale roommate situations with little to no clinical oversight.

Half way to the year total goals of flip/new construction Income and we are getting close to our $50k a month gross rent number as well!!

This is by far the easiest way to get values on short sales to come in where you need them to be.

I still recommend bumping that up some in your analysis (unless that 10% includes everything of course) because usually the base rate doesn’t include any additional services such as finding tenants (usually a months rent or half a months rent additional for that), renewing leases, managing maintenance/ repairs/ turnovers, performing inspections, evictions etc. so the PM fees actually land closer to 15-18% in my experience (our PM charges 8% base for collecting rent, dealing with tenant complaints and handling small emergeny maintenance calls, anything else is priced a la carte and I usually handle any issues over $250 myself which is the only way we make any positive cash flow).

If I put in my own offer, am I entitled to half of the commission?

After running the numbers, we realized we would need to be asking about half of the listing price for it to be worth it.We know the strategy of “analyze 100, offer on 10, and buy 1” but we were just curious to hear what others had to say on how you would approach making such a lowball offer to a seller.