There are plenty out there with fair rates and lower fees.

You open yourself to much more risk in not being able to finance out of it and being stuck with hard money and those fees/penalties.

Yearly bank fees for each, aka choose your bank wisely.

Right now, I’m seeing max LTVs closer to 80% on purchases, though before COVID, we sometimes went up to 85%.Also, keep an eye out for lenders who promise amazing terms but demand large commitment fees upfront.

If you were only going to net 10k and the fees male you a lose then it was never a good deal.If you keep project costs less than 72.5% of the ARV then no lending can screw you. 

HOA fees, in particular, seem to be the biggest hurdle.

Canton is not quite as bad, although they have increased annual fees and initial inspection requirements in the past few years that Akron never put in place. 

I guess a flat seasonal fee like any insurance policy, sometimes you win, sometimes you lose.

I never got the consultation, but was politely told my portfolio is probably too small to pay their annual fees (starts at $2500 and goes up).

Or just pay your sister a finders fee for getting the deal?