Very fair, always profitable. 

You should be developing strategies to get in front of owners/sellers directly.As far as who these buyers are, this entire year has seen a lot of cash move into real estate:1031's finally able to get a fair price for their relinquished propertiesFlight from the inflated stock marketRace to lock in the fleeting historically low interest ratesPeople seeking tax benefits of real estate not available in other assetsForeigners sick of the abysmal returns on treasury notesThe good news is that very few of these buyers are talking to the owner of the fourplex down the street and establishing a rapport for a property that is not on the market.Good luck.

More realistic, fair, and practical, would be 5%, which will lower the expenses by about $4,000 annually.If you're still with me at this point, here are some other details:  New exterior and roof on building.  

I have called a few major insurance agencies (Farmers, MetLife) and so far the quotes I am getting sound fairly outrageous, at least compared to what I am seeing across the site and my expectations.What kind of rates are Chicago investors seeing for multi family apartment buildings, and what agents/companies are you using.  

It doesn't matter whether it's interest, dividend, passive, capital gains - it's all taxed at the same (fairly high) rate.

It says that even when there isn't a written contract to something, it may be so fair to assume that such a contract exists to allow for recovery.

What pay structure would be fair to me yet attractive get a broker to come join me

So if I have a 40,000 profit on a house, the difference between LT and ST capital gains (40% vs. 20%) is $8000 - fairly significant.

I'm writing this because I am fairly new with real estate investing something I've always wanted to do mainly wholesaling, flipping, rental properties, buy and hold, etc.

@Nicole Vadnais Welcome.That's a fairly broad market you're covering, 100+ units in FL.