Seeing the state of her mortgage statement, though, she needs to cut that crap out. 

@Neil Aggarwal Hey, I have a deal, nice 12 unit spot, $120,000, assume that is full market value, cap rate is pencils out to 11.5%, walking distance to the university, nice area, Seller will carry a second at 35% for me, you interested in taking the first at 65% LTV with 12% ROI and a 49% equity position, I won't have a dime in it, but will do the deal and manage it, If you want out after a year I'll take you out and payoff your first (I'll have your note purchased at par at the UPB) I can guarantee occupancy for 5 years, will add lipstick to it over the term with my cut and we will sell in 2020.

I wasn't too upset about the sidewalks, however they made me cut the huge tree down that was lifting up the sidewalks too, and that cost about $1100.  

You would be better off planning to do an assignment agreement so you don't cut into your profit.

It seems too high based on what I have read here but I don't know what all to cut out.Title Insurance plus Binder Fee - $74Wood Infestation Report -           $100Appraisal Fee (wtf)                       $425Title Search Fee                           $175Attorney Fee/Title Examination    $500-650Deed Recording                           $57State Tax                                     $82Total is $1,562 which is much higher than the $500-$600 I see quoted around here.

A lot of that is fueled by low cost debt.  

Depending on how much the profit is, there should be communication between yourself and the realtor as to the percentage they are looking for, or if they are even looking to get a cut from you.

But more often than not, it is cheaper and easier for landlords to just cut their losses and move on to find a good tenant who pays.

Originally posted by @Max Tanenbaum:Bring your German shepherd  Scruffy at Applebees "I have a tab and will cut you off in a heartbeat!"

Not bad.Until a buyer walks in and sees poor cut-ins, streaks, uneven applications, etc., and they decide that because of the quality the house is worth more than $2000 less than market value...And, if you can teach someone to paint like a professional in an hour, you could be making a lot more money teaching than flipping houses!