Here are the terms and fees:  12% - 14% interest only payments3 to 5 points origination (depends on location)Appraisal Fee: $425 – $550 (dependent upon location and independent appraiser’s fee)Inspection Fee: $100 - $150 / inspectionLoan Documents: $475Loan Admin Fee: $500Credit Report Fee: $30 ($35 for Joint)Flood Certificate Fee: $15Monthly Servicing Fee: $15 A mortgagee’s title policy is required.An insurance policy is required on all loans for the term of the loan.Up to 70% of the After Repaired Value (excluding points & fees), not to exceed 100% of cost.6 month term3 month optional extension (extension fees may apply)While these fees can be significant on the front end, it can save you money on the back end.

Are investors excluded anyway?

If I exclude that activity, I don't do enough to meet the 750 hours per year threshold. 

such a shame they excluded payments to independent contractors (1099) in calculating loan amount. 

@Adam BartlingI am not opposed to fighting taxes but also realize a county doesn’t care if your property will cash flow as if it’s commercial they may look at cap rates and cap rates exclude financing.

@Kristin RikerHere is how I calculate for all my personal rentals and for my investor clients in Tampa based on one occupant in a 1/1 per month:Electricity: $70 (excluding air/heat/stove)Air conditioning: $65 (averaged over the year)Heat: $65 (averaged over the year)Internet and cable: $100 (depends on the services you choose)Water: $50Renters insurance: $13 (about $150 billed annually)I own a multifamily property in Tampa with my spouse and electrical meters are split but Tampa water is one meter.

I also agree with what Joe Norman said, I would not exclude anyone who is not an investor, because at the end of the day, any real estate purchase is an investment. 

In fact, excluding the new to market properties in this category, the average days on market for them is 121 days.

As of next month they have a daily rate of $158 daily excluding taxes and another $74 for ME&I. 

I'd exclude:-Trustee-owned properties-Corporate-Owned PropertiesSources: I own a real-estate data company :)