How did this math work out?

.$650/month, translates into a 9.1% cap rate.This does look like a poor return.This property might be good flip, might not work out for rental holdings.

@Leonardo Cadenazzi how did it work out for you?

If a seller wants all of the option fee, then move on to the next.Now, you can certainly work out an arrangement with the seller where they get a portion of the fee.Say...$1k or maybe $1500 or so.As far as the agents, I normally offer 1/2 months payment, as that is fairly standard here for an agent that just leases a house.

Given the capital intensive nature of the business, why not parlay that into some excellent vacations and long-weekends?

What house do you work out of?

Judge first, then other attorney (as attorneys speak with each other over you and me, they may be able to work out a deal).Best of luck to you,Jack

I work out of the TREND MLS for South Jersey & Philly.

Has many niche's but I am undecided in which I think will work out best for me.

However, I know that this will all work out one way or another.