Taking the gross rents received on any given property and then deducting your expenses associated with that property, (cost of any financing, real estate taxes, insurance, maintenance), what is considered a good percentage to have.

Good luck investing, MikePS I do have a sheet I use with all the associated costs and renovation estimates, Good catch Peter.

I closed on a $300k rehab property in California 3 months ago so I do understand the closing costs associated with purchase.

Neither agent had never heard of this - though it is specifically in the Texas Association of Realtors contract, paragraph 22E that a contract could be Assigned to third party.I also told them that I would pay them a flat fee, out of my proceeds to help their buyer and that all my fees were included in the asking price.

@Michael Smith, I've been to the Brevard chapter meeting of the Central Florida Realty Investors association (CFRI.net).

Private lenders are Your friends family and associates, so only you can answer that.Can you use a $100 EMD possibly if you are buying directly from a seller?

If there's already been an appraisal or any inspections etc. done associated with the original loan, he will probably have to pay those fees.

You need to provide notice to all tenants by mail and you may need to do a formal 'change of terms' of your lease if the tenants have not already provided you with a license plate number associated with their lease.As others have said, you are better off solving your 'real' problem of an unofficial tenant through normal channels.Is this person really a risk to your business?

Make sure their area of expertise reflects the type of property you want them to manage.6) What is their rent collection procedures and policies.Your property manager is the connection to financial success or failure associated with this property.

Lucas, I use the current WRA (Wisconsin Realtors Association) This lease works well because it is updated yearly, and follows all Wisconsin guidelines to a T.