If the work is not 100% complete by the end of the Escrow period, may implement a .50% (on total loan balance) extension fee that will cover an additional construction term of 60 days.

Their $5k fee could be a set up].Your plan is a variation of Credit Card hopping - transferring ones balance every year into a new trial period Interest-free Card.

Bad PMs in bad areas because they suck them dry with fees.

Site prep and permitting fees are not cheap.

Broker money for individuals and make broker fees.. depending on state license maybe required.. experience will dictate how well your able to attract investors etc..

This scenario might appeal to builders who prefer a guaranteed fee over the uncertainty of profit-sharing, and it gives you more control over the sales process.

For context the seller paid all fees and I removed PMI after 2 years due to rapid appreciation which saved 150 roughly.

All in it was a good time, but I just couldn't believe what these people were paying for the properties, let alone the issues that you all brought up here, city fees, previous owner notifications, and land locked locations. 

A rent schedule is a supplement to an appraisal, and usually costs $100-$150 in addition to the standard appraisal fee.

How much is the difference in PM fee, maybe a few hundred per year..... yeah.