Typically this means they will take longer to close, may not have all the information of the companies they work with, and most hard money brokers get their money by taking an existing product and adding extra points to pay their fee.

Typically this means they will take longer to close, may not have all the information of the companies they work with, and most hard money brokers get their money by taking an existing product and adding extra points to pay their fee.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

@Nick Louie You can try to negotiate any terms you want, but don't be surprised if the seller thinks your offer isn't worth the extra hassle and backs out.In my opinion, you're better off asking for the standard "broom clean" and factoring in the cost for a professional deep cleaning.In a hot seller's market, your strategy should be to be as pleasant and cooperative as possible. 

It ends up just being an extra step in the loan approval process but we are good customers with a healthy deposit relationship. 

Only thing extra I'll add is that the "buy more real estate, get more deals, get more in debt!"

We've found that the extra cost is well worth it, over the long run.

However one must look at the glass from both "half full" and "half empty" perspectives. 

LLCs  have expenses associated with them (which depending on the state can include annual filing expenses, and filing fees for holding properties in other states, etc), but for just getting started or owning a small number of properties , you likely do just as well to just have some extra umbrella liability insurance.  

Instead of ruing the extra work that Section 8 now entails, you might instead train one or two employees (if you have employees) to specialize in Section 8, then market that service to other LLs in Colorado that have the same gripes as you but don't want to put in the legwork to make it work.