That's industry standard (6-12 month seasoning). 

3) Is there a usual or standard amount/percentage for the Option Fee, rent credits, and any other fees/charges?

Hi @Janice Delantes,If you wanted help to see if this is a good deal, we will need more information like the monthly taxes, insurance, maintenance, vacancy, etc. 

I don’t think that this would be feasible due to the value add or forced appreciation component of the BRRRR strategy through rehab being missing in the standard turnkey model. 

This is specifically why it is a Short Sale and not a Standard Sale.

In regards to the home staging, is 1% if the sale price a pretty standard fee among companies?

On the other hand, another expert thinks it would be cost prohibitive to find and keep good tenants, even if I fixed it up completely to current standards for the area based on the location. 

I was wondering if others are charging "additional rent" ie having the tenant pay a portion of taxes and insurance beyond his rent payment.

My attorney says that she would recommend e & o insurance for your llc to protect your business. 

So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70% 1) Fixed Expenses: a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance: 5.4% 2) Variable expense - Water bills + repair expense : 16%Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7%b)Child Care: 25.4%c)Living expense: 22.2%d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100% A) Rental Income: 42% B) Wage income (W-2) : 26 % C) House Flipping Revenue: 23% D) Property Management Revenue: 5% E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.