The filing fee is $125.

I tell the usually line, " if I pay the closing cost, transfer tax, and you don't have to pay realtors fee and etc, what is your bottom line?"

Example would be as follows:$1695 - Amount tenant pays for rent$152.55 - Property management fees (9%)$1542.45 - Amount paid to myself$1469.02 - Mortgage payment$1500 - Amount I pay for mortgage (I prefer to round up just to pay a little extra on the principal)This leaves me with the $42.45 profit from the property.I'm not sure how to buy in an additional market (or even go looking for one for that matter) where I could purchase an additional property for income purposes.

They can just wait you out while you pile up legal fees and taxes you owe on the lot each year.The only leverage that you might (emphasis on "might") have is that it looks like there could be a sign on the parcel for the bank.

I've told our Realtor to only send us listings with management fees below $150/mo., but it looks like we're missing out on some otherwise promising properties that don't meet that threshold.I know those fees are tax deductible for rental properties, but in the long term (ie., when the mortgage is gone and we're paying this fee every month for the remainder of eternity) how big of a difference does that make as far as cash flow is concerned?

@Ben@Ben Leybovich undefined should address this.You may want to ask the seller if he would mind if you earned a bird dog fee, an assignment fee, get the property under contract, and assign it for $20K, don't get greedy.

Also, at least here, it would depend on how they were built-for separate fee simple units, they would have to have separate utilities, not crossing the common property line, otherwise they would have to be condominium ownership if divided.

3.500%Taxes ESTIMATED AT:$420.00Refinance Loan Amt (without UFMIP / Funding Fee):Hazard Insurance ESTIMATED AT:$100.00Loan Amt (without UFMIP / Funding Fee):$405,300PMI/FHA Mortgage Insurance:$455.96UFMIP / Funding Fee PERCENTAGE:1.750%MI Factor1.350%UFMIP / Funding Fee DOLLAR AMOUNT:$7,092.75HOA DuesTotal Loan Amt (with UFMIP / Funding Fee):$412,3932nd Mortgage Principal and Interest$0.00Interest Rate:4.250%Loan Term (in months):360Value:$420,000TOTAL MONTHLY PAYMENT ESTIMATE:$3,004.69Loan to Value:96.50%Estimated PayoffESTIMATED FEESESTIMATED LOAN COSTS--BUYERESTIMATED PREPAID & ESCROW COSTS--BUYER (SEE NOTES BELOW)ORIGINATION FEE0.000%$0.00Per Diem Interest on New LoanASSUME$48.02LOAN DISCOUNT0.000%$0.00(from the day of funding through month end).

Most people will happily offer tips and advice without any hidden agendas.This is how I learnt most of what I know today.

We pay a flat fee for someone doing this.