Small assignment fee

Almost all their competitors simply charge a $1/month/ per unit fee as you grow your portfolio, and I think that approach, still capped at $80/month, would be much better than these big steps. 

@William StromGenerally speaking condos can have higher HOA fees compared to Single Family Homes, so this can sometimes translate to less appreciation, but that can also mean a lower purchase price, so you can sometimes get better cash flow on a condo.

But most importantly, you'd have to pay the $800 foreign LLC fee in CA. - one single LLC - easy for administration, but defeats the goal of asset protection.- trusts - deeding each property to a separate land trust each and then the land trusts in turn grant beneficiary to an operating LLC.

You have to bake the management fee into your deals to make sure they still pencil out (which you should likely do anyway), and you let them handle a majority of the work.

@Patti RobertsonI prefer to keep my profit hidden (at least until after the deal is done) if possible.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident. 

If you're buying single family homes, the transaction costs are high enough that it's usually the right move to buy and hold.Buy and sell direct or get a license and be the broker….buy cash and eliminate origination fees and other loan costs.     

If they are telling you 2.5+ in origination fees, you can probably find cheaper money elsewhere.   3.

After the must-pay items are handled, then I will apply remaining funds towards rent, late fees, etc.