its very common in providence RI.

Is it pretty common for most realtors to invest [i.e., take the pick of the litter before it hits the mls and pass the rest on to the "non-licensed" investors]?

I am wondering about starting to charge for parking, which is common in this area.

I don't know of anywhere that has this broken down...what's the most common things done with Foreclosure purchase...

This is common, and it meant that if the home had real problems, he could back out of the deal later without forfeiting his deposit.

The way I see it, in some cases, the selling agent will get much less than 3% (given the scenario that there is a buyers agent and selling agent).

This is to cover common areas)Utility ExpenseElectricity Water GasSewerTotal Utility Expense = 3.1%SuppliesApartment cleaningCarpet cleaningExterminationGroundsPaintingPlumbingOther Maint/RepairsGarbage /Trash RemovalHeating and Cooling RepairsTotal Operating & Maint exp = 16.6%Real Estate TaxProperty and liability insuranceTotal Taxes = 8 .1%Net = 57.9%

There are three (3) scenarios possible here, and the answer varies slightly for each.Rental Property to Primary ResidenceAn investor acquires rental property and rents it out for any length of time (it was not acquired as part of a 1031 exchange).

If vinyl is not prevalent in the area then I would find out what is the common siding.

your objectives or goals to maximize subprime financing should be to maybe hold the property for 1 - 2 years, (You may have to eat a 1 o 2 year prepay but it will lower the rate from a loan with a zero prepay,)while you build your credit back to an a-rating, then refi your cash out for more investment projects. theirs tons of new products, on the market that fit your particular scenario, such as the option arms, option arms give you the luxury of choosing/paying your mortgage 4 different ways each month.. 30yr P&I, 15yr P&I, Interest only, or whats called Neg am(Negative-ammoritization)the neg am, could allow you to get into a million dollar home for like $3k a month, they have 1% start rates.. these loans are really good for short term properties, like a year or 2.. especially if the property is in a desirable market..