Like hard money lenders.So if the end buyer is a conventional lender, then pretty much nix the double closing and go with a cash assignment fee instead?

They pay a small upfront fee, then you kick in X each month that they pay rent on time and abide by all the rules.

That is only the initial charge, you still have to pay the monthly fee.

I'm considering whether it would be worth having a website to attract customers for entry only agreements (charging a flat fee to list properties on MLS).

Remember, every refi costs you 1-2+% in fees, depending on who and how you refi.

No matter what the seller is getting hit with a 5% fee...the only difference is whether all 5 % goes to the seller's agent or 2.5% to seller and 2.5% to buyer.Am I understanding this correctly?

You include "original placement fees" only, ZERO vacancy, ZERO maintenance, ZERO legal fees, ZERO for evictions, ZERO for utilities (I guess you don't need utilities during cleanup between tenants), ZERO for capital expenses, etc, etc, etc.

Before that, it was rented for twelve months straight.I don't believe legal fees and evictions will cost much, if anything - there isn't a lot of red tape in South Dakota about evicting nonpaying tenants.During the summer I am a painting contractor and have my own scaffolding, ladders, work truck, tools, etc.

The final price plus the assignment fee is going to be around $259,000.

I will pay a 30%referral fee to all Licensed Realtors.