OR if you haven't done it for your own funds but you have worked in a small REIT or small private equity shop and have insights on lead gen and deal flow management in a environment of a very small team - that would be helpful also.In other words, having an employee in place to systematically perform the mechanical aspects of the flow of:Lead generation -> deal analysis -> placing offers -> due diligence checklistsIf you have done so, I would LOVE to hear any of:1 - Your "best practices" insights2 - Whether or not you felt that the expense and time involved (I'm forecasting a full time) in operating your own lead funnel generated, over time, investment opportunities at better values than what is available on the open market.

Any fee you can shop for, has a fee increase tolerance test it has to pass. 

The points are a little high in my book on such a low LTV.The odds are he hoped you would shop him as a no-warrantable condo is a pain in the butt.As for the ethics your loan officer is not All Knowing and should prep you that everything could topple a deal right up till closing.

Later you can shop around to see if you can find a better one.

And there is no harm in trying to find those that are willing to take the deal you want.But here is some real world experience from my point of view of funding these deals for better than 30 years.first... investor ties up property with a close date of say 30 to 45 days out.. then they go shopping for the cheapest money they can find.. ( that's logical) after no success in that they go to the next expensive.. after no success with that they keep moving towards more expensive capital..

I remember shopping for my house in 2012 and coming across many distressed streng homes on and surrounding locust ave! 

Renter paid $1500 month and that is still the norm (minimum $1400).GREAT location: School, shopping, Interstate all within 3 minutes...but a one way in, one way out subdivision serving only local traffic.

Well, the property has what seems to be a shop in the back (probably a 10X10) with electricity running from the house to it.

Is this a quote from a national insurance company or local shop?

I'm looking at an eight unit apartment with a detached 36x48 warehouse/shop.