The rents are in the lower range from $275-550.  6 of the units are vacant.  

Charge you for a long contract of sale with contingencies in itConfuse the dealYou may want to consult with someone smarter than a lawyer - like an experienced investorIf lawyers were so smart, they'd be investors!

My company is a buyer and private lender on lower ARV $ SFR properties throughout the U.S.Wishing you continued success.

Hello,Just purchased my first small 6 unit apartment in Ohio, I have 1 vacant unit that I am looking to start showing but I read at somewhere there is a limit to the amount you can charge a tenant on an application fee for background and credit check that is set by the state.

The lower priced fix and flips are definitely hot commodities in most major markets if the location is decent.  

You were concerned about the cost, which is valid, most custodian charge per transaction or a percentage of the account value.

I want to do this first one w/ a lot of my own money so I can learn actual costs vs. what a gc charges.

You never know if a Buyer out there will meet those expectations or the Seller decides to suddenly lower their expectations and accept an offer ; that is what makes a market.Please do not confuse my comments above as cynical or sarcastic.

I should have mentioned that i'm looking more around lower Bucks, but i'm not too far from upper.  

Not a lot of cash flow or wiggle room for me if the market drop and rental price has to be lowered.