You paid the advertising, he's representing the buyer here not you, and there is no other realtor involved to split with.

I'd call it advertising expense and it would be fully deductible. 

I've just sent out my first direct mail marketing campaign, and people are responding! 

I have seen many properties advertised at a 9% cap rate that calculate it based of full occupancy which the building hasn't ever supported. 

Lawn care/snow removal, legal, accounting, advertising, pest management, etc.As I said it still looks like a good deal. 

Hey BiggerPockets, I recently received a call from a recipient of my direct mail campaign about an off market property and have put myself in position to make an offer.

There is a major franchise that puts these together, writes their own lease (sale-leaseback deal) and surprise - Gives themselves rent holidays in later years in the lease.4) Realize the return they advertise is NOT guaranteed, so better history of the syndicator better the odds you'll get it.5) If you have the money, try to diversify and spread it around by prop type and location (ie make 10 buys of $100K vs. one buy of $1M)6) It's commercial RE - You CANNOT turn around and sell it if you need the money now.

Though, I've come across homes that was advertised as a 3/2 but got appraised for a 2/2 because the bedroom wasn't permitted.

I'd check the marketplace forums as it's one of the most widely advertised products here on the site.Biggest turnkey markets areClevelandMemphisToledoDaytonKansas CityIndy Also I find myself answering the following question(s) or at least a version(s) of the following question(s) multiple times a week.

A lot of areas have great real estate investing clubs that are not advertised through the major REIA groups.