The fee to submit an application is $600.00.

If some landlords are requiring them to pay application fees before they even know they want a rental versus ones that don't which do you think they will choose.

Or, when the buyer sues everyone for undisclosed defects they have to pay the listing agent's attorneys fees, etc. 

I wouldn't recommend setting up an LLC out of state if you are buying in Tennessee unless your tax advisor is looking to help you on strategy.. but from a numbers standpoint, it really doesn't make sense when you start adding up on all of the annual LLC reporting fees from different states and then it starts cutting into your cashflow.

Or, you could ask for a rate quote based on a range of credit scores and you can figure out what they'd charge you on your own.

Any surprises in terms/fees?

@Alec Jacobs I have basic low/no fee business checking accounts.

I am considering doing this but should I charge a fee to write up and get the lease addendum signed?

We understand there could be a fee involved.

The lender does charge the flipper 4 points upfront, and the note represents 55% of the property’s ARV, so I’m not too worried about needing to foreclose if it comes to that.The lender uses his own capital for initial funding and then sells off the notes after that.