It’s called the 10k club where he’s willing to buy the deals you find and pay a 10k assignment fee per contract/deal.

Usually for commercial, the seller pays a finder fee to the tenant's agent.

At closing you normally can split the assignment fee between wholesalers.

Hi Adam,I've always been a real estate guy but exposed my personal portfolio quite heavily to a regional bank ETF.I guess time will tell if I'll be a "Hero" or "Zero" lolCome on you Fed and reduce those rates 😁Real estate is and always will be my bread and butter tho.You can't beat the safety of a "brick and mortar" investment per se.My best advice would be if you are going to go down the path of investing in out of state rentals to have a growth mindset.Buying 1 or 2 isn't worth the risk or hassle and you might as well invest in your own back yard.10+ years in the industry and my most unsatisfied investors are the one's that build smaller portfolio's.If a property goes vacant and takes a few months to get it back performing, with a small portfolio that could impact cashflow of 30-50% for that year.Our investors that own 7,8 or 10+ properties, don't even feel it if 1 or 2 go vacant.Just my opinion and wishing you much success

I've somewhat committed to the idea of 3 drawer chests in place of nightstands on each side of the bed, but even those are not cheap and don't save you that much compared to 2 nightstands plus a shared dresser per room.

Property manager said it would gross around 5k on average but after paying their fee and cleaners and my utilities its the same as LTR.

It’s not so much a cap but by the time lenders add in all there fees, origination fees, doc fees, etc it ends up feeling like a 20% down payment to close instead of 10%.

As an owner of 1 unit, you have a lot less control and extra fees like HOA fees.

So today, I decided to create a rental property calculator from scratch in google sheet or to be sincere, I'm yet to save all up for the PRO member fee.

If the job is large, pay a small fee to another company for an assessment of another company’s estimate (they will always try to tear it apart).