It's common to find a tenant who is a college student or maybe retired and looking for additional income.

I was told by an associate of mine that they were charged an additional $15,000 at closing due to a "title fee" on top of the ones you listed.

An additional question about Tax deeds.

I'm seeing parts of Durham become increasingly popular like 27703 for new construction in addition to Bethesda and South Durham near Southpoint Mall. 

Two additional thoughts:- I try to avoid space heaters as much as possible.

We’ll only consider additional debt when it maximizes liquidity or improves risk-adjusted returns.

I once had a lender who quoted me a certain rate and closing costs upfront, only to sneak in additional fees right before closing—total nightmare!

At this point, we are three years in, and have learned that you sometimes have to have thick skin (grit) in dealing with tenants, managers, and RV site visitors; while maintaining a sense of humor and humility.

And now we also have better marketing in place on socials and a have a direct booking site, plus we are open all year long so word of mouth is improving.  

First-Time Home Buyer:Some lenders might be more conservative with first-time home buyers, asking for higher down payments or additional reserves.