What is your LTV with refi, I would assume 75%I'd Keep it for sureOnce you refi and all in your costs are at $1000 per monthYou only have $30k into the deal after refi, so at $400 per month x 12 = $4800/$30k = Cash on Cash return 16%, forget CAP rate, plus appreciation and depreciation etc, cant do much better than that on anything.Making $10k on a flip if will be zero after closing costs, commission and taxes

.), renovation costs, and disposition costs (seller's closing amounts for transfer taxes and fees, realty commissions, atty fees, title fees, etc).

While you do take a cut in commissions, 50% of $1 is still better than 100% of $0. 

A lot of potential sellers thought that I was a scammer with the "I buy houses cash" promotion.. my plan is to receive commissions from selling houses and then to invest my money into buying a duplex at a cheap price that i can renovate myself and rent (or sell).

Add in $23,000 for real estate commissions and you're out $41,500 + Rehab expenses one year from now.

If one party wants to sell the property, the other party will have the right to buy out the interest of party that wants to sell the property, by paying - in accordance with a mutually-agreeable payment terms - 50% of the amount which is calculated as follows: (the average of 2 professional property appraisals) minus (the cost of selling, including but not limited to real estate agent commission, escrow fee, title insurance, etc.).She moved out of the house about 1 year and 5 months ago.

Moving back I wanted to refi & buy a couple of run down rehabs & rent out rooms as we had a lot of guys looking for accommodation because of the commissioning job we were involved with.

I also had my Realtor assign me back her side of the commissions so my out of pocket was actually lower but that is unique.

We pay 36k a year for the units, plus the commissions, and some small overhead, and our net should be 55k if we do 105k in gross rents, or 80k if we do 130k., which we should.

Real estate commission will be reduced due to my wife being a realtor.I am trying to figure out a fair deal for the owner of the lots whether it be a flat % return, a partnership split, or another type of agreement.