Kiavi minimum 2k origination fee for 30Y loans is ridiculous.

To estimate expenses, consider setting aside a percentage for management fees, plus costs for cleaning and utilities.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

I know hosts have included additional cleaning fees for violations as a deterrent.If none of these solutions work, you could look into completely independent HVAC systems for the two units, though that would be a bigger upfront investment.

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.

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

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.

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

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 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).