But, a non-favorable catch is the requirement that Hometap becomes your financial power of attorney over the asset, in the event of default or a breach of contract where they can transfer the deed of your home, and or sell your property without your approval(cost, fees, time)Below is a situation I'm trying to evaluate.

I could easily see $30-40k of that 90k just in engineer fees. 

You’ll need to experiment with these variables until you find a method that works.These days, I’m fully invested in Google Ads, which doesn’t require data extraction and allows you to pre-screen people.Additionally, to monetize the leads, you could make a deal with a broker to get a finder’s fee (they can split the commission, but only if you’re a licensed broker).

I understand federally I can deduct payments on mortgage interest, property management fees to my onsite property manager, maintenance, etc.

Also check for complaints against the lender.Also get a detailed statement from the lender of all closing costs, fees, charges, etc., etc., well before closing.

What’s the application fee?

Assignment fees. 

College COULD give me great education, I'm just unsure if the dorm life or the fees are worth it.

Without a hours-long conversation, here are things I consider.1) I have never invested with anyone that charges an acquisition fee, and most syndicators charge an acquisition fee. 

You, potentially, aren't paying the 10% management fee, and 10-20% markup on all maintenance requests.