The property will be sold upon completion.Rate:  12.05%Term:  13 months interest onlyARV:  $648,000Loan Amount:  $433,000Processing Fees:  $15,361.64 (3 pts plus processing fees)Escrow Charges:  $3,130.90Insurance/taxes:  $1,722.82Construction Holdback:  $498,361Cash to Close:  $84,762.36 In the OP, you said that the loan amount was $346k.

Cassidy Burns and BPG Residential Just curious. did you include your cost of sales, realtor fees, escrow, capital gains in your profit projection? 

You should be able to build this into your cleaning fee. 

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Loan-related fees and expenses3. 

Maryland is doing the the exact opposite , hiring 5000 new employees , adding new fees and taxes , spent thru a surplus and has a major deficit .

The other alternative is to raise capital and be more of a fee developer, at least at the start.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Here are some of my takeaways from your budget:Operating Costs: Your STR management fee of 20% is high.

There are asset protection companies who make lots of money off this - I talked to one who said it's $13,000 (for 4 properties) to set up layers of protection then annual fees after this.