Broker fee on that loan size is usually 2.5-3 points.

I track the principal as a Liability account in Xero, and whenever I add it to a report, it always shows the current balance, rather than the change over the chosen time period (like with expense accounts).  

In addition, they connected me to the preferred lenders who also helped with closing on the property within a short period time.

I'm not satisfied with not filing the rental in an LLC simply because it's more simple and might cost me an additional filing fee .

PM's will keep all late fees, they hold the security deposits so they collect all the interest on security deposits. 

We got lucky the county picked up the waste dump pickup and dump fees.

And, it's amazing how many closing costs are junk fees that we as investors need to pushback on paying for ourselves and our clients.

Additionally, if your goal is to maximize personal financial benefits, consider profit distributions from the property-owning LLC, which may provide tax flexibility depending on your situation.By adhering to FMV, maintaining proper documentation, and structuring the lease agreement carefully, you can optimize tax benefits while staying compliant.This post does not create a CPA-Client relationship.

Quote from @Sami Gren: I start by making the original tenant fill out a form requesting to add a new renter, and they pay me a $50 processing fee (I charge a $50 fee any time I make changes to an existing lease). 

We take 20% as our management fee.