WHAT IS THE ROI OF ABOVE TRANSACTION?

When you have your buyer and the Assignment contract (for sale price + assignment fee) is signed, you need to take that and the buyers Ernest deposit to the title company also.You can by all means do the transaction without going to a Title Company, leaving that to the buyer, but what stops the buyer from just cutting you out of the deal and buying direct from the seller...There is my 0.2 cents, hope it helps!

I keep looking and adding to my list of other potentials that all are within the criteria (ie cash flow, good neighborhood, age of home, etc. you get it, we all have criteria) but the dynamics of the market are wreaking havoc.I cross it off (still keeping an eye out because the contract may very well just fall through) and look for other properties, otherwise I wouldn’t have anything to assess.It doesn’t drive me too crazy but I can see it being a nightmare for a realtor (are investor-realtors more understanding and amenable to this dynamic – yes I think so) The quick assessment now leads me to see if it will be a good investment.

As far as buying the white elephant on the block...yes it is the biggest house on this block BUT if you cross over and go to the other side of MLK you will find homes very comparable in size. 

Can someone walk me through this transaction.

If you refuse to provide that info, a lender would have to be morons to fund the loan.You don't provide enough detail on the transaction for me to render help.

Account ClosedLike most RE transactions you'll make you money on SFH when you buy the place.  

Fingers crossed my friend. 

I don't think you need to have your broker's license to manage property but you would to transact. 

The brother is putting 150k on the transaction.