I also have one quick question, after a year of living in the first rental property that i used an FHA loan for.

I was told by my MB that maybe I could find a private lender at 9% which is not the news I was looking for. 

I am currently looking at refinancing my FHA to conventional after one year but financing my refi closing costs will put my balance higher than what I bought the property for!!

Or even better does the law state that if someone is in the property for am th day of that month that they are responsible for that months rent? 

Question-What do people here in the community think is a fair or reasonable brokerage fee if you find and complete a successful acquisition for company your working for?

For am moving away from percentage of revenue pricing models to cost per listing pricing models as my airbnbs  generate high revenues and the other software became expensive.The only drawback for SmartBNB and price labs is that it's for airbnb only.

But they don't use it for loan analysis, they use the pro-foram statement.

Things to watch out for?

And, Due to the run up in home values over the past few years, presumably those homeowners have a nice bit of equity that they’re sitting on and would likely want to be compensated for.

Also, not sure if it is different for Ames area MLS agents but all DMAAR agents have a free subscription to forewarn so if you used an agent to buy the place they can run tenants for you free of charge!