I actually just bought my first home last year in Montgomery County, Maryland (a condo with a low condo fee using an FHA loan, not a super great deal but very reasonable).

I bought my first home last year in December, mostly to get out of renting (it was a condo in Montgomery County, Maryland with a low condo fee, not a super great deal but very reasonable).

Take that, subtract whatever fee you are looking to get & there is your contract price.

Add some attorneys fees for preparing the deed, etc. as well.Your lender will likely NOT require a survey... but if you choose NOT to have a survey undertaken, the survey exception will remain in your owners policy.

Two closings, plus all the fees and interest. 

Don't skimp on legal fees because a commercial lease is a very different animal from residential leases.Good luck!

I use Quickbooks and personalized the standard QB invoice to read "Rent Due" and added our late fee policy to the bottom of the invoice. 

However, the fees associated with an Improvement 1031 Exchange (also referred to as a Build-To-Suit 1031 Exchange or Construction 1031 Exchange) would not justify doing so for only $10K. 

Gas, common electric and water for a 2-unit is going to run you between $200-400/month depending on the heating type, the size of the common areas, amenities (dishwasher, washer/dryer), etc.2) 5% PM fee is not going to happen.

Which they have sucked the equity out of, manage and charge a fee, all while you think you are sitting back and making a decent cash flow.