My gut feeling is it's going to cost around $4,000 to repair and has been there for ages.

Hey Michael,BiggerPockets is a great recourse to use when looking for agents that are focused on REI.

(We're not desperate to sell) With being new to the selling side, I'm curious what is standard for agent commissions in an off market situation.

Once you file your 2nd year of tax returns, you may now be able to qualify for Agency Loans (FHA/Conventional).

Here are a few tips for agents I can think off:1.)

.)- All in Cost = Cost to build * Square foot  - Sales Price = All in Cost + (All in cost * 20%)* Covers contractor and soft cost on either fee based or cost+- Profit = (Sales price - (Sales Price * 7%))* - All in Cost   accounts for agent fees and closing cost- Initial List Price = Sales price + 10%      A buffer to test market absorption- Break Even being All in cost, point where everyone is paid except me. - List price is to test the market absorption at "x" price. 250k land + build.

IF you decide to move forward in Memphis, recommend buying the first one turnkey to get you going.You'll learn a lot about rentals and the market with the first one.THEN, if you like results you can look for agents & PMCs to help you buy more and save the 20-30% markup you mentioned.Recommend you also read below info to set your expectations correctly:_________________________________________________________________________We think the Midwest is a GREAT place for OOS investors to consider!

=P been doing that for work for ages and just tired of dealing with people and their problems. 

@Mary Lopez I recommend most investors skip multifamily properties that don't qualify for agency (Fannie/Freddie) or HUD financing. 

Hi BP members!
Im new to the community and to REI. Im excited to get started and so grateful for your existence!
Background:
Im a urologist from Canada. Met my husband in 2015 in SoCal and he moved back to Canada ...