@Juan PerezCongratulations on paying off your first home and transitioning it into an investment property!

Some PMC's will charge a lower percentage fee, but will charge it whether tenant paying or not.

Buy and holds is the key to true wealth with all the benefits of depreciation, appreciation, loan pay down by your tenants, leveraging the equity, cash-flow etc etc, but it often times isn't the active income that pays the bills until you build up a portfolio and even then there's the tenant management or managing your property managers.That's why I'm involved in all 3.

We are paying cash to him every week or so when he sends bill. 

If your paying cash to buy and rehab then refinancing I get that.. but your still paying for two closing costs.

As of today they stopped paying the interest.

If you have no money for down payment do you have teh $2000+ per month to pay the first (then still have to pay the 2nd?)

You also need to consider that at a lower percentage of money down you will be paying a Mortgage Insurance Premium or MIP. 

There are a lot of groups out there that basically want you to pay them to find the mentor deals, so he can take a slice of your deals. 

However, after talking to some loan professionals, it seems that there are always origination fees, appraisal fees etc.My question is, what fees should I expect to pay when opening up my first HELOC.