Some property managers will do it for less than 10%.Be careful using a friend at a discounted rate unless they have experience and could likely do a better job than a local property manager.Many property managers only charge the flat percentage rate which includes finding, advertising and screening applicants and showing up to court.  

Use this community as there are many folks willing to share, but also give back - that's how it works.So you've heard several people inputs regarding the issue, accept a partial - cut it off and go to court - wait for the lease to run out... all kinds of variables.

Account Closed why would you want to replace a fixed rate mortgage with a variable interest rate mortgage? 

When you find you are devoting a large percentage of your time to one problem, others start to arise.

@Frank JonesIf the brokerage you are currently with is at 50/50 splits and isn’t providing any incentives to justify that type of split, I’d look into what other brokerages in your area are offering.There are many variables that play into commission splits offered by brokerages.

I'm not looking for an investment loan at a high percentage that I would only have for 6 months to year.

and you have to place atleast 1k as EMD if it doesn't state a certain percentage.

And of course there are significant variables within the Bay Area; Vallejo is a totally different story than the peninsula or SF.

In other words, a large percentage of mobile home park owners would rather take some initial financial consideration, make a nice profit each month off the interest on their note and not worry about the day to day issues of running a park.

This is because HELOC is not used as purchase money and (in some states) the lender will be able to sue you for deficiency.Risk: HELOC rates are usually variable rather than fixed.Risk: HELOC will go on your personal credit report, whereas investment property mortgage could be on a business credit report.