The total fees we were quoted from one lender initially were $50k on a $6ook DCSR between origination, closing/admin and title, seems excessive?

On market 60+ days, was also initially under contract.

Folks,I am negotiating an owner-operated restaurant lease and tenant agrees to a personal guarantee for the initial lease term of five years but rejects a guarantee for the two options (five year each).

Late fee is considered reasonable if it is not more than 12% of the rent for the rental period under the lease for a dwelling located in a structure that contains not more than four dwelling units or 10% of the amount of rent for the rental period under the lease for a dwelling located in a structure that contains more than four dwelling units or the late fee is more than the applicable amount but not more than uncertain damages to the landlord related to the late payment of rent, including direct or indirect expenses, direct or indirect costs, or overhead associated with the collection of late payment.A late fee may include an initial fee and a daily fee for each day any portion of the tenant's rent continues to remain unpaid, and the combined fees are considered a single late fee.

They decided to update the poly pipe as a part of the initial renovation before turning it into a rental and I think the cost ended up being around $2500.

You can find other locations in Texas that will have better initial cash flow but I suspect will not do as well in the long term. 

What was your favorite session at BPCON this year? 

Breakout sessions- excellent.

As if not showing any general initiative on insanely general questions isn't a precursor for a lazy wannabe.

Even with the 90% LTC, I still needed to come up with nearly 20k to get into a 75k property after fees and insurance and all that junk, plus since the rehab draws are reimbursements, I needed to come up with the initial 10k for the first draw myself, so that's 30k of liquidity needed for a relatively cheap property.