Welcome to BP Levi.

& @Levi T..

Similar amounts are sometimes used for transfers from one family member to another.But if there are transfer taxes or excise taxes collected at transfer, the actual transaction amount can be worked out from the amount of tax that gets reported as having been paid at transfer.

That late payment fees would be levied for anything that was a day late.

Assuming you were attempting to engage in a legal activity (based on TN RE laws), it makes sense to incorporate where the transactions occur as that is the jurisdiction with the interest of levying and collecting tax.

@Levi Jones Most hard money lenders will want to have a loan above 50k and won't provide loans below that same as banks.

Due to excise tax costs double closing is not common in Washington.

Originally posted by @Levi T.

Great advice @Levi T.- finding a GREAT deal is much more important than getting a good rate, good terms, cheap labor, etc.

@Levi T.