Owner in Foreclosure- Value 250k-4br/2ba- amount owed 235k- default amount 7k- monthly mortgage payments $1475- owner wants to walk- condition: great.

And depending on how he deals with them (whether he tries to handle the claim himself, or hire a Public Adjuster, which I recommend), settlement amount can range drastically.Depending on the extensiveness of the damage, most of the time, Public Adjusters are looking out for the insured's best interest, since they work on a percentage of the proceeds, so they'll point things that need to be remedied to the insurance company, that the homeowner will have no clue about.

Commission amount seems right for my area in that most of them want 3% for the seller and 3% for the buyer all coming from the seller side. 

You don't have your own broker so the listing broker could collect the entire amount... which is why he's negotiable.I would try coming up on price and try to get the fee down to 1 month.As for the area, I have actually sold in the neighborhood (on the corner of Bradhurst and 150th).

The best chance of this working is to have a large amount of foot traffic already in the area. 

Pfft I had to pay my ex $130k and we made the same amount.

She also pulled the, "...other people are looking at this property..." line which I could frankly not care less about since I'm only going to buy at a certain $ amount, not because I'm afraid I'll lose the property.I wouldn't expect a realtor to know all the laws around tenancy - but I would expect them to have a recommendation so I can make a decision more quickly.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

I have a graduate degree from USC in engineering, still work full time, and do well, but working the 9-5 and trading my time for a set amount is what bothers me, I would say for any amount, but that’s not exactly true, but close.

They actually have no idea if the number or amount of each bid.