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.

You’ll want to consider the purchase price, HOA fees, taxes, insurance, and the rental income you can realistically expect.

A good CPA will provide greater value in advisory and tax savings through proactive tax planning than the fees they charge.

She didn't pay rent the last 3 months, plus I paid all the lawyer fees. do I hire a debt collection service to follow them until I get my money back? 

Their UW fees are the same as conventional lenders if not less in many cases.  

Unfortunately the additional fee disproportionately impacts smaller projects (I recently paid the same acceleration fee for  $600,000 SF renovation as I just did for a $2.5M school building conversion). 

So if total construction cost is $300K then my fee will be $60k.  

No need to even look at a sponsor that is making millions from acquisition fees and also keeping 50% of profits on the back end. 

Managing tenants, collecting rent, and handling repairs can be time-consuming, so factor in property management fees if you hire someone.6.