If that is so, it behooves you to understand how much that fee is and when it becomes due.

Preferred returns would even be acceptable but not a straight interest rate play if the lender understands the structure. 

It doesn't make sense to you because you still don't understand the strategy.

It’s such a big leap of trust, and unfortunately, there are agents who don’t always live up to what you need in this process.An out-of-state investment can be daunting, and it’s so important to have someone in your corner who truly understands your financial goals and is committed to building a relationship beyond just getting to the closing table.

The automating of reviews I understand.

A good way to get an understanding of how to get into STR is :STRATEGY: Start Up Guide to Short Term Rental Investing 

Did you speak with them prior to purchase to understand their process?

Why do you want to work with agents who don't understand simple things like owner financing in real estate, it's really simple.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

This is actually quite helpful insight in understanding the reasoning.