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.  

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

Bigger Assignment FeesInstead of selling to investors looking for steep discounts, I market to end buyers willing to pay market price.

My experience in Massachusetts, where it took nearly a year to evict a non-paying tenant, has made me more selective about the locations I invest in.I am looking forward to learning and sharing insights with this community! 

But I would not consider what the seller needs to make in determining what I'm willing to pay for a property, especially when youre buying a problem like this.

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

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

He had to reset the main breaker that turned off dryer, so it was a quick fix, but said it could prevent messing up appliance and having to pay more.

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