Without solicitation introduce passive investors to the group (flat fee). 3) Class B.

As far as closing costs go, see below:-Title fees-Title insurance-Hazard Insurance-Lender's closing fee, underwriting fee, or any other flat fee they charge-Origination fee-Attorney fee (if the property is in an attorney state)-Doc fee for closing docs-Prepaid interest through the end of the month you are closing-Recording and transfer fees on titleThat will cover most of your normal closing fees. 

ARK also charges a flat franchise tax on ARK LLC's and out of state LLC's every year, of $150.    

If things aren't looking good I'll bake in an additional 10% to protect myself.6.

I have an opportunity to raise capital with a private individual at a flat interest-only rate as a way to reduce interest charges and eliminate origination and service fees.

Keep an eye on the trends in FL at this moment as well, especially in hurricane season, with home insurance.

Quote from @Galvin Mendoza: Good morning biggerpockets,I am a new real estate investor who recently purchased my first 3 flat in Niles!

I'm familiar with the Chicagoland and Milwaukee areas so that's where I'd like to start.Vegas would be nice for its proximity to my current location.Los Angeles/Southern California as a long, long-term ownership goal would be great because I just flat-out don't want to live anywhere else. 

Only a written flat bid.

I think it's okay to not have a deluxe backyard, see what the market is demanding.We didn't want to or have the funds to do a full renovation, Here are some things we did when we got our primary ready to rent:-Tore out fiberglass tub and surround in master bedroom-Had new tub and tile surround put in (felt nicer for primary bedroom suite)-New toilets and all new faucets-Hired guy to resurface all kitchen and bathroom countertops-Took down popcorn ceiling and had resurfaced/ painted-Neutral paint and trim throughout (had different colors all over prior)-changed out washer hook-up valves to prevent issues Things I wish we would've taken care of:-regular yard maintenance hired out and baked into rent-LVP flooring throughout (kept mix of tile and carpet)Just did final walkthrough and got keys this morning for tenant moving out.