I charge fees that create additional income.

If the work is not 100% complete by the end of the Escrow period, may implement a .50% (on total loan balance) extension fee that will cover an additional construction term of 60 days.

How much did you wind up spending in attorney fees, etc?

Are they flat fees or percentages? 

Forget about the late fees and payment plan, you'd be lucky to find any judge who would enforce it when the tenant showed they weren't even living there any more and were still doing their best to pay off the balance. 

.- Do you want to manage the new system internally or have an outside vendor manage it for you for a small fee.- Would you be requiring custom changes often to your digital workflow?

And I believe BP Pro's get a discount on Stacksource's fee. 

Of course, nobody wants to be the test case, but I've never heard of IRS treating money from a loan as income, ever.I think you would be better off with a long closing date on the purchase and sell your exchange property fast so you can do a conventional 1031, receive conventional financing with one set of start up fees/costs, etc.

Since the owner needs to pay your attorneys fees (essentially limited by statute, so can be estimated) in connection with a redemption, all of that math should be part of the planning.

I just paid my attorney 15k today in just fees for 4 entitlement contract red lines and we arnt even under contract yet!