The meters are rented and the monthly fee ($7.50) can be charged to the tenant on their statement. 

Setting up direct bookings is a great way to avoid platform fees!

He's created an army of loyal bots that do his bidding and he's probably made $60 million or more just in membership fees.

If I add up all the lender fees and my holding costs—like points, origination fees, and interest —I can figure out how much profit I’ll make and what my maximum offer should be.

Speed of building a portfolio (Cash-on-Cash return is a factor here)?

I would consider the tenant's past, as well as the condition of the unit, my local market, and other factors.

With that being said, the interest rate is going to be the single biggest determining factor for whether you're barely breaking even, or seeing a decent monthly cash flow.

For cost efficiency, consider using a flat-fee attorney.

@Loren Souers I'd have to run the specific scenarios with the rates and fees, but if you're OK with paying the higher closing costs, the Mortgage 1 deal looks good, particularly if you focus on CoC returns.

Can easily get fee worksheets and run credit/DU 3.