These typically account for about 80 to 85% of all expenses in a flip.If you know the lenders' terms and the loan duration, lender fees, the second greatest expense, are easy to calculate.

Quote from @Christian Artuso: @Remington Lyman Have you worked with lenders that allow only 10% down and are those simply conventional loans?

Commercial Loan How did you add value to the deal?

Do you have any experience using a piece of land as collateral for a construction loan?

Meaning we sell the home for $2.5 million (maximizing the $500k we can grow w/o tax penalty, leaving ~$1.2 million for my new home/property after fees and loan repayment), and the remainder of the profit (~$750k) will need to be 1031 exchanged. 

Additionally any pros/cons for using FHA loan would also be much appreciated, thanks!

Have you leveraged lines of credit, private lenders, portfolio loans, or other creative financing options? 

While his loan isn't assumable, you could structure a deal where you take over payments while giving him equity in a seller-financed second note.

I have closed three loans with The Mortgage Shop.

And my rental cash flow went from only $1500/month to 19k/month profit by taking on more loans and harvesting the equity in some of my properties including my primary.