A referral fee is a not a bad way to go since you have a lot lower risk and it sounds like you might need to learn more before taking on a project of this size, no offense intended.4.

Sounds like you'd be doing better than the 1% rule and could potentially have a small down payment.

Sounds crazy but those were my best times.

Sounds like he is somewhat successful, but it could be because of the amount of people paying $997 to sign up plus $97/month coaching fee (not sure if the cost is still the same from what was said 10 years ago) https://www.biggerpockets.com/...

That's a written warning to the tenant that includes notice they will be charged for the excess garbage and a reminder of the rules/policies/law.I don't know the whole story but it sounds like you're paying 12% for a 6% manager.

These deals sound good on the surface but are fraught with problems.

I usually burn through them at 2x speed, but I'll back up and slow them down for something that sounds particularly enlightening.

Okay, sounds great!

The buyer will understand that they have to honor the leases that are in place but will be able to do what they want at the expiration of the lease (it sounds like their are no renewal options or lease extensions available in the lease your wrote).I hope this helps some.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.