If you join a brokerage with low or no monthly fees, your annual expenses could be as low as a few thousand dollars.

Based on what you described above, it sounds like he used all the tricks he learned presenting on behalf of Dave Lindhal, just now in his own mentorship program (I.e. sponsor deals for students, crazy acquisition fees, big pressure sales pitch all throughout, etc).

The fees and overall costs of these loans needs to be a key factor including what if the project goes over time . . . . you can be underwater in no time.Underestimating repair costs and overestimating ARVs based on Zestimates are the next stumbling block.There's money to be made but make sure numbers all work WITH contingencies defined and overages expected . . . remember, a project will always cost more and take longer than initially thought!

For cost efficiency, consider using a flat-fee attorney.

Stessa has an app, and some other lease and screening features too but there is a 16/month fee to unlock all of the features.

and, there are fees and costs at every stage - i didn't include them in my example, but you need to because they're significant. 

Becoming an S-corp has some downsides including additional tax prep fees, payroll processing fees and lower social security income in retirement. 

Do you get a benefit for allowing the tenant to have the dog, such as a pet fee?

There are also fees but they are extremely minimal in my opinion. 

The more common one is a flat value for the ADU, like they would for a pool or another bonus.