I have the flexibility to charge my clients whatever I want.  

I am going to list the high points below:List price $35,000.00Negotiate down to $29,750.00 (15% reduction)Down payment of 15% = $4,462.50My principal = $25,287.50Interest Rate = 5%Term on loan = 15 yrsNote = $199.97Sale price to lease option holder = $44,625.00 (1.5 x my purchase price)Down payment paid by buyer = $4,462.50 (10% of purchase price)Buyer principal = $40,162.50Interest charged to buyer = 8%Buyer term on loan = 15 yrsTaxes = $50.00 (added directly to buyers monthly payment)Insurance = $50.00 (added directly to buyers monthly payment)Buyers monthly payment = $483.81 (Note + Taxes + Insurance)Buyer covers all maintenance and repairsMy monthly profit $183.84The beauty of this plan to me is that the amount I put down in a down payment is the same amount that the buyer pays me in a down payment which causes me to have ZERO money on the table when they start making monthly payments.  

I learned from on landlord on BP that charges a break lease fee that is almost close to the rent amount, thus allowing him to legally keep the security deposit in the case that the tenant breaks the lease.

Limits on charging rent?

If you also charge the property a commission on the sale (and not split that with the family member), it make make it more worth your while.I would be more willing to take the hard money and keep more of the profits.

Some mentors charge money, but others will work with you if the relationship can be mutually beneficial.Cheers!

They need to charge something up front though, because they will dedicate time to you, whether you ever end up doing a deal or not.

He will be worth whatever he charges.

In my initial email to one of them, I asked for what they charge and he said for single family houses, they charge 1 months rent per year.I own three 4-plexes and he said that we could negotiate the terms.I would like to negotiate fair terms that incentivize the manager to run the property the way I want, which would be to fill units fast with tenants that stay long term and keeping the rent just under market rate.Any suggestions on terms, incentives and things to look out for would be much appreciated!

I'd charge small late fees and I'd set up payments that match their income stream.