Hey Drew,I work in the investment space and work with a bunch of hard money lenders and the typical rates I'm seeing from them are around 11-12% right now with a 1% origination fee.

Quote from @Michael Smythe: @Christian Gibbs let's look at this logically.PMCs either charge a percentage of collect rents or a flat fee.If they charge a percentage of collected rent, they typically are incentivized to get a property ready to rent quickly and find a good tenant.-- But, what happens if the owner wants to drag out repairs with requests for multiple bids, takes weeks to review and approve those bids and then take even more time to send funding?

Here's what I know based on general Fannie Mae guidelines and the specifics of your situation:PMI on HomeStyle Loans: Typically, PMI (Private Mortgage Insurance) is required on loans where the LTV is above 80%.

Also, rent typically can be increased every year.

If I could, pick your brain a bit more, how much do you typically set aside for things like CapEx/Vacancy?

Investment mortgages, like DSCR loans for investment properties, typically come with prepayment penalties (PPP) to protect against prepayment risk and the keep portfolio CPR in line.

Hi There - We have had several clients make the numbers work here in Chicago typically with either FHA 203k and home style renovation loans.I continue to remind everyone that a single or walk right now will be a double, triple, or even a home run down the road. 

The latter is what a typical marketing agency would charge, and they would provide and build you the CRM for free.

Home values typically fall between $150K–$200K, which provides a solid balance of affordability and appreciation potential.

(Think of it as you are the "bank" in a typical REO transaction).