They are kind of a pain because they take so long and require so much documentation but the only closing cost I have is the appraisal.  

Title, appraisal, recording, insurance fees have the same floor of minimum costs.

Others differences that jump out: loan parameters are stiffer (usually 20 terms on a mortgage instead of 30 year), commercial insurance will be more expensive, appraisals will cost a good bit more.

My property has been appraised at 50% higher value than I paid for it less than 3 years ago.

With the obvious downside that it is a more risky approach, especially if you are not familiar with remodeling, design, appraisals, remodel costs, holding costs etc. 

Completely unrelated to sales commissions.The conmsion to the agent would be 3% that comes out of the proceeds of the sale.You can have them gross up the price to also include the commission so you net what you need to net, but the property will still have to appraise at the higher amount.

(There is a question as to which my property will be classified as by the appraiser).

But then two of the investors I worked with analyzing this deal discovered an engrossing revelation…Included in the documentation letter contained an appraisal report assessing the property at $610,000.00!!

Second lowest property taxes in the nation behind Hawaii.Montgomery county tax estimate formula is: appraised value x 20% (without homestead) x .0365

I can get an equity line tomorrow from my banker for 80%LTV, only closing costs would be $160 appraisal fee per unit and attorney fee but the rate is prime which is currently around 8.5%.