I can only see the benefit of forming a self performing property management company if you believe you can be more effective on cost and service than the local 3rd property operators and even cost can be tricky to calculate because most focus on the management fee that's charged rather than the cost to put out fires when they do arise.

What could I expect to have as current average loan interest rate and points/fees if I am a new accredited investor with excellent credit?

We calculated the collateral value of each property, and told him we would be willing to do a release based on (1) a payoff of our estimate of that properties collateral value PLUS (2) a extra fee (profit) to us of $50,000.  

Also in many instances that I have seen the fees are very high for managing the investor pool and the property management and the returns may be comparable to a CD with the risk.

The wire fee's are huge since we wire 10 to 20 times a week or more when we are doing draws. 

I have an opportunity to raise capital with a private individual at a flat interest-only rate as a way to reduce interest charges and eliminate origination and service fees.

We interviewed 3 realtors:Realtors:Realtor #1: 6% sales fee - very friendly but very "salesy".

You pay 4%  credit card fee . . 

Rate will be lower than hard money, lower fees, and you won't have to deal with draws/draw fees. 

One lender hit one of my clients that I was doing a JV with... for 800 dollar property tax monitoring fee.. really on a 12 month loan.. but what happens is borrowers just focus on the points with no clue to the junk fee's  or using brokers who add fee's and points on top of the actual lenders fee's again bait and switch.