REI Nation - Closing costs related to ROI

[Corey M.]

For those who've invested with REI Nation/Memphis Invest, I'm wondering how you calculate closing costs into ROI. On their pro formas, they don't appear to take them into account. If they can be upwards of $6k, doesn't this need to be factored into ROI? And if so, do you amortize the closing costs over the entire term of the loan, just the first year, or however many years you expect to keep the property?