Contrary to most business lending, the REI industry has a lot of "non-bank" lenders that provide attractive loans that can lower your cost of capital and improve your profit/cash flow. 

For flips, ensure the profit margin after all costs is at least 20%-25%.

This might depend upon your license, if required.Loan Document Costs: Will you charge for these?

These platforms typically have billing policies where you pay a per unit fee per month to the software and you get regular updates and support each month.There are a number of low-cost platforms available that are able to offer you a lower price by passing along some of the costs to your tenants (payment processing fees, applications, tenant screening, etc).

But I would charge the extra 3% to cover my costs.

My cost wont necessarily be the same or comparable as I GC my own projects and have trade skills.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

His course will cost you 5k plus the downpayment of say $2500 on a property that likely needs work before it's ready for inspection. 

Determining the cost on something like this is only something you'll be able to find out by talking to the city.

To leverage the equity for financing my next deal, a second mortgage seems like a more cost-effective option.