This means you may need to put more down on one home so it pays for itself.Here's Coach Carson explaining the simple concept in under 20 minutes.

At that point, you’re building a business plan—something you can take to the bank.

With that low interest rate, you will have paid down a lot of equity in the deal and should be able to finance with a bank.

My total portfolio in this area I spent approximately $350k ($150k my cash, $200k bank carry).

Shop around for debt to see what is available and model the various structures to see how the different terms impact performance.The tradeoffs will be fixed vs. floating rate, conventional vs bridge vs CMBS vs bank vs agency. 

I see big price range with these (from $200 to over $4k) and wanted to know if you can get a decent one without breaking the bank.

In this option your agent would either get paid from you directly in your closing costs OR from the seller via seller concessions.like Russell said, if you are comfortable with the transaction and understand what you are signing and you don't need things explained and you have connections with inspections and title companies then go for it.

But I do appreciate you taking the time to explain your thought process.

Mortgage Broker/ Bank/ Hard Money Lender – Someone that has experience working with other investors.

If anything explain that there is a fee on top of a lifetime charge (which on its own is kind of weird), but okay.