So your tax deferral might be very small on that 15K or so gain, and you get to reduce that gain by costs you incurred over that year, and then subtract the QI fee to see what you are "saving" but really deferring.

Here are the numbers:ACQUISITION (for purchase price, closing costs, lender costs, escrow costs): $434kREHAB (LABOR + MATERIALS): $102kREHAB TIME: 10 WEEKSHOLDING COSTS (MORTGAGE, STAGING): $16KSALE PRICE: $660KCLOSING FEES (Escrow, Taxes, Commissions): $58kPROFIT: $50KPURCHASED: MAY 2, 2017; SOLD SEPT 1, 20172.

The other person who puts time in could also earn a management fee of X% of rental income just like a property manager would get.

I have no interest in debating the pros and cons of getting a license, I am simply looking for suggestions on a brokerage who would meet my needs at a low costs (i.e. no monthly fees, but no issue with % of commission or flat fee on any acquisitions).Thanks - Mike

The numbers are from the property management company, in terms of vacancy, average lease times, renewal fee, etc.

He's the kind of guy to go fix an issue himself and not charge anything.

Cheaper the better just make sure you charge the tenants when they are damaged.

I don't want to incur in unnecessary charges again, like what happened with the fridge that it was in fact working.

I increased my tenant's rent by 15% but then I charged water garbage for $100 flat monthly.

Below is what you need to know that underwriting and programs guidelines don't tell you when considering a 223(f) apartment loan.AdvantagesHighest LTV in the marketEliminate refinance and interest rate risk with fixed rate terms up to 35 yearsLow fixed rates based on GNMA securitiesNon-recourse and assumable - makes for a great exit strategy especially in a rising rate environmentNo defined financial capacity requirementsNo geographic restrictionsNo minimum population requirementsSupplemental financing availableDisadvantagesLonger processing times - 120 days at a minimum (6-9 months is typical)Higher fees - HUD and FHA fees add to the overall cost of the loanMortgage Insurance Premiums (MIP) - Initial and annual premiumsAnnual audited operating statements requiredReplacement reserve escrows requiredHUD property inspections requiredOwner distribution restrictions and Cash out restrictions 2x a yearProperty condition is important to HUD, both during initial underwriting and over the life of the loan.