Unless your note says otherwise, interest is calculated from the day you wire to the day you receive the payoff, inclusive.

Does it do an all inclusive background check?

If they just wanted to relieve themselves of the management they could pay a PM 10% of the gross rents for $380/month and come out way ahead.There are a couple routes that I personally would go which is either buy it outright and negotiate a better price, have the seller participate in the financing by wrapping the original note (uphill battle but could work) and giving an all inclusive Trust Deed to the seller, or go the MLO route at the price they want with a 10 year window with option consideration enough to cover the agent’s commission.

Do you charge your tenants for any of those utilities or just charge higher rent and advertise that it’s all inclusive?

I pretty much live and breathe in turnkey world and see all the ins and outs of them, but I'll start and give you just a generalized idea of the pros and cons of them as compared to buying and rehabbing- https://www.biggerpockets.com/renewsblog/buy-rehab...That article isn't inclusive of all of the pros and cons, I can list more, but start there.

And it's only about a quarter of your total build cost.For a quick reference and depending on your finishes you can assume that your build cost will be somewhere between $120 and $200 per SF, not inclusing land, architctual plans, developemnet costs, impact fees, overhead and holding cost. 

You need to provide the exact language of the 2 special exceptions they propose for inclusion in the policy. 

Is this number ALL inclusive, or are there additional taxes (school or town taxes?) 

This is inclusive of disposal fees, permits to remove, air studies, etc etc. 

Below is from Fannie Mae:“If the borrower is personally obligated on the mortgage debt (as evidenced by inclusion of the related mortgage(s) on the credit report) and gross rents and related expenses are reported through a partnership or S corporation, the business tax returns may be used to offset the property’s PITIA”.If anyone has any knowledge of this or experience in doing this please share!