I talk to so many people who regret not getting a PM up front because they are having problems or high eviction rates doing it alone.

I was able to figure out that they had come upon some hard times and were significantly low on cash.

That's when we call you, so cash deal, not hard money, no financing, need to close it on Monday. 

One of my connections will fund the rehab for less and give it all to us on the upfront to finish the project at a lower cost.

You need to remember that, hopefully, this is a long-term play for you, so work with a trusted STR designer (I have great recommendations), and spend the money upfront so you can be the most successful in your area.

Purchase price: $140,000 Cash invested: $55,000 Sale price: $255,000 My business partner and I took on this Arlington property as a fix-and-hold investment.

@Christopher Alley we use a lot of private money in the rehab business, and I have never paid any up front fees. 

Purchase price: $72,000 Cash invested: $107,600 Case Study: Cockroaches to Cash FlowProperty AcquisitionI found this property through MLS.

Beyond that, sending upfront fees to a lender is not okay.

One I saw charged $500 upfront to be pre-approved and would never actually fund any loans.