For instance, a goal in your plan may be 'building an effective buyer list'.

If you have a net operating income of $40k and the offer is $100k per acre for 3 acres the effective cap rate at the offer price is 13.33%.

You need to know your market, occupancy and competitive rent rates, renter expectations, your goals, risk tolerance, temperament, and your resources.You need to know your local tax rates, state/local landlord rules, housing authorities, insurance sources, financing options, occupancy and employment trends.There are crazy tenants but effective management can minimize the risks.Good luck.

I don't know for sure but you may have received this response since this may not fit their business model.

He should have been able to tell me that before running off my buyer, who would have been happy with any deal that fit his criteria.

They could then cash your check, distribute it as they saw fit, and you would have had your deposit.

This is what is holding me back from buying the house.It is a nice 2 family, all brick very low maintenance fits my profile of houses I look for.

Second is that your are effectively "selling grandma's house".

Real Estate Services do have specific definitions, and usually involve those things required to effect the sale of the property, not just bringing buyer and seller together.If, as a bird dog, you are simply finding a property and bringing it to the attention of someone else, and not involved with negotiations, or "performing real estate services," that are needed to actually transfer property from seller to buyer, there are no laws against that.If I'm wrong, here, I'd love to read the statute that requires a license to say "Hey, Joe Investor, there's a vacant house on 13th Street.

Your annual insurance is 1.5 months rent so the 50% rule is probably going to be in full effect.