Student Rental (4BR/1Ba) - $90,000 List PriceOffer: $80,000 purchase price, 3% seller paid closing costs, 20% conventional financingCash Outlay: $20,000 ($16,000 down payment, $4,000 rehab)Rent: $1,240/mth Mortgage Payment (P&I): $344/mth ($64,000 @ 5% interest, 30 year am)Taxes: $133/mthInsurance: $150/mth Vacancy: $112/mth (9% - playing this conservatively)Maintenance: $75/mthCapEx: $125/mthManagement: $149/mth (~12% rents collected, conservatively assuming full occupancy)Utilities: N/A (covered by tenants)I like this deal for a couple of reasons.

With investment property its very common for the investors to give power of attorney and we conduct the closing ourselves. 

However, if the vendor is still personally on title as a tenant-in-common, there may not be a mortgage registered ... in which case, a conventional lender may not see the property at all ... or will simply see a property you own jointly with a another party.That said, you will still be signing an agreement with the conventional lender in which you state that you have disclosed all such debt obligations :-)

I asked him if he could help pay for utilities, internet and Netflix. since his occupancy was sure to rise the utility bills.

Location is fairly good, land is on a major rd and the back part of it connects to an established neighborhood with older brick SFR’s All units a tenant owned, utilities aren’t included and overall condition of the park is on the low end.

House has about .3 acres of land.We have an opportunity to move into an apartment rent/utility free.

Tenant is responsibke for all utilities and lawn care/upkeep.

Is it common for the buyers agent to charge a fee to the buyers?

If it is a master planned community with a large common areas (perhaps a pool) and extensive landscaping could also be in that category.   

This includes the following:Vacancy (minimum 8.34% to 10%)Tax (Check County records)Insurance (Get a quote)Property Management (10%)Utilities (contract utility companies)Repair/Maintenance (5% - 10%).