I've had people put down $30,000 or even up to $50,000 as an option fee.

Several factors indicate the company is not that concerned about efficiency or ease of customer process: the website, a process that seemed to focus on one issue at a time instead of all issues at once, and consistently poor communications and lack of common sense from the loan analyst we were assigned.It started off very well with the initial point of contact, Austin Lornson, who did a fine job of explaining the general refinancing process, responding quickly and thoroughly to our questions.

There is the inconvenience factor but it might be cheaper for you and your friends as well.

Additionally, are there any other factors I should be considering when purchasing a duplex or triplex?

I unfortunately basically had to switch to desktop to use the software. 4) Tenants have to pay a $1 transfer fee to pay through RentRedi.

There are still other factors to analyze before making that decision.

Quote from @Catherine Ding: My PM company is offering to do it for a high fee of $100/month so I'm trying to find alternative options.

Also your permitting process, type or land, grade of land, if underpinning is required will all play a factor into your cost. 

So, that adds to the risk more-so for a novice who doesn't know how to factor in that risk. c.

I wouldn't recommend setting up an LLC out of state if you are buying in Tennessee unless your tax advisor is looking to help you on strategy.. but from a numbers standpoint, it really doesn't make sense when you start adding up on all of the annual LLC reporting fees from different states and then it starts cutting into your cashflow.