I'm trying FSBO right now, since realtor fees would really eat into any gains I might expect to make to make on the property.

The again, some investors that I know just utilize my services as an inspecto because they know that I give discounts for investors on my inspections.From the seller's side, I have a couple of investors that have me list their properties for them on a flat fee listing.

Application fees?

And meanwhile, while I'm learning, I'll get the loan referral fees to whet my appetite.

Here's an example property I need help understanding.Condo for sale: auction price starting at 3,000 for 3 yrs of unpaid hoa fees.

Basically, I would find them a lessee for a small fee.

Do some basic analysis (rent for the market and/or ARV) and if it looks like a deal then offer it to your investors for a finder's fee.

If that were the plan, why would one care about paying any principle anyway.In the event you were to get a Hard Money loan for this purpose, they are usually Interest Only to begin with because they are Short Term Loans.If you are planning such a short term project, the main thing to be aware of would be Pre-payment penalties.Be sure you get a loan that has none.What is pre-payment penalties and why do they charge that fee for?

If you go through this process right, the 2nd lien holder may consider wiping the loan clear for a small fee, sometimes as little as 10%.

As property management averages 8-12% fees, I'd say around 10 units would be a breakeven point (1 free unit / 10 units = 10% ; OR, prop mgmt = 10%).J