Though the upfront fees are definitely a factor, if I could share my experience (both as a lender and investor)...APR is meant to be an annualized reflection of the total costs incurred over the duration of the mortgage. 

Quote from @John O'Leary: Hi Joe,We’ve worked with several PadSplit investors to secure financing, and while these properties cash flow really really well, they do come with challenges—tenant turnover/issues and being the biggest ones.One hurdle we’ve seen is that getting financing can be tricky since PadSplit rentals are still considered non-conforming by most lenders.

This deal was on market but was overlooked by most investors who either didn't understand section 8 programs, landlord tenants laws, or underestimated the current market rents because the rents in place were so low.

I'm in Northeast Ohio where the cost of living is lower than most of the country, but my CPA charges us $400 a year (I'm down to 2 properties now).Even if you decide to handle them yourself this year, go to your local REI meetup and find out who investors around you are using.

Now some other investors may believe they can boost your revenue quite a bit but they don't want to pay for that projected boost. 

I'm current angel investor looking to parlay some of the future investment payouts into real estate.

Some investors use leasing agents with a lockbox setup for showings, but you still have to coordinate repairs, inspections, and make sure things actually get done.I wrote a post on the pros/cons of long-distance self-management.

I am a strategic investor and licensed realtor in San Diego & I just put an offer on a senior living facility!

There are a bunch of investors from Calgary who are investing here as they find it more fertile grounds then there local market (So they tell me this)So the take home point is if you want to BRRRR in Winnipeg then you will find amazing deals with buildings that are burnt/plumbing/electrical work needed so you can get exempt from rent control and obtain the cash flow you want.

Is there a standard verbiage for us real estate investors.