Lots of times, because the loan amount is so small, they will charge extra points to pad their fee.

Also don't forget to get an extra bank account for security deposits and set aside money for repairs.

Truthfully If I had the cashflow I would gentrify a certain area myself ala the resurgence of Troy.

It was an extra $13K (up front), and $3K/year renewals afterwards.Having experienced what we and 500 other investors have experienced over the past several months -- i.e., being taken to the proverbial cleaners by a syndicator who was once a LU member but decided to quit and go bat-**** crazy -- I'd never join again if I had the knowledge I do now that their sacred "white paper" (rules for syndicators/GPs/"leads") has absolutely no teeth, and that they do not stand behind the passive (limited partner) investors once something goes awry.  

One of the items was "termites in crawl space" - truthfully we never saw any termite evidence they are extremely rare in our area and only in the crawl space.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

I would suggest adding in some extra bracing, especially for the sink cabinet.Lowe’s has some nice looking Shaker cabinetry, and if you find that 20% off coupon it works even better.If I remember correctly all these cabinets only costs me $500. 

I do know I have built a strong relationship with him over the years and in many ways it’s starting to bear extra fruit!

@Taylor WatersI would ask him to show you the deals he has done and referrals to other people he has mentoredIt’s easy to do a public records search to see if he is telling the truth.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.