Our E&O insurance is covered by a transaction fee we pay which is reasonable. 

List price is - 505k ( might be able to get her to 480k)Rehab/ Architect fees- 100k ( HIGHEND)ARV- 700K ( LOWEND!!!!)

Avoid any lenders that will require you pay a fee upfront for them to work with you.4. 

John has now increased his monthly earnings from his RE investments from $1200 (SFH1) to $1500 (SFH1 + SFH2 - LOAN).As long as John screens properly and installs the right sort of tenant, he will ride this to greater prosperity. 

I like the consulting fee suggestion. 

The main thing is to focus on finding motivated sellers willing to do them and tenant buyers who have the means to pay the option fee and monthly rent.

Based off a loan amount of $78,400 at 6% interest and Annual Property Tax of $1,280 and Insurance $750, your payment would be approximately $639.21 Factor in 20% percent for vacancy, repairs, and property manager fees and your left with $752 for a profit of $112.79. 

Hi Nicole, have you thought of using a fixed fee accounting service that uses automation and their own workforce to take the daily tasks off your plate? 

Most retail buyers hone in on a house they want THAT house.. and they are not looking to waste appraisal and inspection fee's and make a bunch of offers .. its not like all the houses are the same.. 

Then you need to pay double fees for permission to do business in Illinois as a foreign entity and file an Illinois income tax return as well.6.