If there is a resident that wants to build their credit score, they can turn on that feature, but there is usually a nominal charge for that.

You can find cleaning crews that will handle the check in process for a nominal fee (try big bear buy sell on facebook).

Scenario 2:  If the cost is nominal then you just eat the cost.   

The house is almost 100 years old, so the 2x8 floor joists are true 2"x8" joists (not nominal dimensions).

Since the value-add phases are complete and the riskiest phases have passed, the focus shifts toward attracting great tenants and generating strong revenue.Throughout the hold period, rent increases at a nominally low percentage each year, thus increasing revenue and contributing toward a steady appreciation of the property.

In most cases, I will charge the tenant a nominal amount for the damage ($50 - $100 depending on how bad) and then leave it at that.

I usually raise the rent every year even if it's only a nominal amount.

If I retain an attorney for the closing, then that atty will review other contracts for a nominal fee?

I agree that independent financial consideration is required to secure an option on said contract, but each state interprets what a nominal fee is for an option.  

(I would propose steering away from FHA loans because there are too many constraints, the required down payments differences are nominal and it is not a scalable strategy).First, I would look into getting prequalified for a conventional loan that is non jumbo meaning in it approximately less than $647,200 in Tampa.