as is prop value 75k and minimum loan size of 50k. as long as its turn key 30 year fixed is available. yes there are some fees and rate will be a touch higher. if it cash flows get it closed.

@Orlando Johnson- If you were going with 6% real estate agent fees the $12,500 number is incorrect. 

You can expect that you will be required to build roads, sidewalks, storm water control, utility taps, street lights, street trees as well as recreation fees as part of the development process. 

Would recommend.I will be using the firm for my 2022 tax return (1040 and 3 LLC's), expensive (about $5k-6k) but given they've assisted with the tax planning I'm hopeful the synergy will provide the best outcome.Happy to answer any add'l questions.Pat  Hi Pat,Just want to confirm, that is HallCPA fee for filling 2022 tax for one 1040 and 3 LLCs?

Then pay them a fee for finding the deal and pay them 8-10% of rents to manage the rental(s).

For me just too much work.. as I stated its a specialty niche.. plus putting the deals together can run 100 to 250k in consultant fees up front. 

So, we require a nonrefundable Retainer Fee for 90 days of our time to find a rental property.

I am considering doing this but should I charge a fee to write up and get the lease addendum signed?

It is also important to consider the transactional fees associated with originating the HELOC, whether an appraisal is required etc.

If so, any one have experience doing so in a way that does not accumulate a lot of transfer fees?