[1]    You might want to think about opening 2 FDIC insured savings accounts that have no fees.

Best bet is to try local and credit unions, possibly may have some programs for better rates.

I agree with others have said, if they can make 24% return, why wouldn't they just borrow at a hard money rate and just make the 24% themselves.

No fees, no pre-pay.

I was studying the market and my rent will be just enough to cover the mortgage and HOA fee now I might to pay out of pocket for insurance but don't want to sell it yet because the area is growing and might have good appreciation in the years that follow.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

We are planning to hold it for 5 years and bought a rate cap to cover the entire hold period. 

While less than 10% of the mortgage industry offers 40-year mortgages, here's something to factor in: they often come in with a rate increase of 20-35 bps.Assume 35 bps.$300k mortgage at 7.25% (30-year): $2,046$300k mortgage at 7.6% (40-year): $1,996Technically, it lowers the monthly, but not by much once factoring in the rate adjustment.

We only needed to pay earnest money and a portion of the closing fees bring upfront investment to 12-15K.

If you get cat urine in the house, it can cost you 10x the pet fee to mitigate the odor.