Can anyone tell me if it's true that there is also a monthly fee in addition to the initial $10,000 that you have to pay? 

If things seem potentially too good to be true, they just might be

What Real Estate Cliches have you found to be true, useful, or completely false. 

Which of the two situations is more true to your situation?

You only options are going to be DSCR or a true commercial loan.Both of those are going to require 25% down for a "First time" buyer with (zero) landlord experience.

How do we even know if the 4% voting to sell is true? 

AND it works other wise they would not keep doing it.so A true private lender is someone you personally know or have met who has money in their IRA or other cash but lending is not their business they just make a few loans a year to those close to them. 

Very true, same reason I hire out all the contracting work that I can as those pros are much better/faster at it then I could be!

It sounds too good to be true and I'm worried about getting into bed with crooks.

It's not how your start the game but how you finish", I believe this holds true for so many things in life.Cheers, to much success!