Most REOs on the market with a sign, and a listing realtor one needs to pay a hammer fee (4.5-10%) on top of highest bid.

Whatever you have left over from your annual rental income after you have paid all the annual expenses for property taxes, hazard insurance, cleaning, maintenance and upkeep, repairs, property management, legal fees, advertising, mailing, postage, HOA fees, etc. is your annual cash flow. 

*Partner brings all the cash needed to acquire the property (down payment, fees, deed registration, ...).

Considering the fact that you have laborers assists the fact that you can save on self-employment taxes.Please be wary that creating an S-corp has initial set up fees and fees associated with its upkeep(annual SOS fees + annual tax returns).

Below are 3 things to consider in addition to fees when selecting a custodian/administrator for a self-directed IRA.1.

Do I just have to mention it to the closing lawyers and pay an extra fee?

Put it under an LLC or my name: I dont have a house, still makin payment on my car, so base on my research, I dont need an LLC because I will have to pay LLC application fee and annual fee, more money to file the tax.

In terms of cost, you'd need to speak with lenders as some may offer no closing costs while some may charge fees.

Christian:I'd be more than happy to pay the fees for the double closing rather than having the seller see what I'm walking away with on the deal. 

He charges reasonable fees but he will tell you if he can help you or not.