I’m not sure who paid legal fees but they must have been significant. 

Has anybody dealt with Investors Edge and gotten 100% financing after paying $3995 membership fee?

Hey @Keagan Scott, so I don't have any insight into Gary, IN but here is a blurb -"Those looking to rent out their properties for less than 30 days (about 4 and a half weeks) will have to get a permit, pay a one-time $150 fee, and have a city business license.

There is a not so inexpensive fee - anywhere from 5k to 100k depending on the program and they take a % of each deal. 

@Jerry Zigounakis For your STR in Big Bear, forming a CA LLC is ideal for liability protection, even with the $800 annual franchise tax and possible gross receipts fees.

I get the feeling Quest is resigning because there is not enough fee income to be made from me, so I'm being dumped.

Simply put, we start off with the As Repaired/Completed Value (ARV), then subtract from that number a reasonable profit, the rehab cost (scope of work), which we've gotten good at, a contingency reserve for any "unexpecteds", our cost of capital/carrying costs (interest and costs of the leverage used), and our costs/fees on the buy and sell sides of a flip.

Fees seem high but could potentially be worth it.

@Orlando Johnson- If you were going with 6% real estate agent fees the $12,500 number is incorrect. 

How does rentredi handle late fees?