A property inspection or review of recent upgrades/repairs is crucial.Private Lender Terms: What terms is the private lender offering (interest rate, duration, fees)?

I now monitor the owner's equity, return on investment, and other factors and then proactively reach out when they are ripe for selling, exchanging, or adding doors.

Bank of America does this - not sure about the minimums, but if you have a good relationship with your local branch, they can waive the monthly fees until your balance grows from rental income.

FICO is a factor in both scenarios.

And your simply charging points and keeping the points and then a service fee. ( interest rate delta). 

Generally, this type of counseling might have a little fee to it but it's well worth it if it protects you (and them). 

It is a lot easier IMO this way than chasing people for your fee. 

There are certain factors that need to be met like LTV. 

Make sure utilities are available, and that you have tap fees included in your estimate, as well as engineering (site plan), architectural plan, and other bits you might need to consider for your market (landscaping and costs of sale, for example).

Also, I assume a 10% property management fee in my calculations and based on initial conversations.