We have 2 San Antonio sub2 deals that are turn key homes and only require about $20-25k to close (assignment fee + closing costs).They're a great option!

Can easily get a 20% referral fee just for sourcing and handing off that lead.

@Eli Fazzo The 6% rate is a bit of a misnomer. 

We raised $4.5 million in equity and got $4.5 million in fixed rate debt from Freddie Mac at a 5.85% rate.

If you signed a 3% buyers representation agreement and the seller is only paying 2.5% and nothing more then just ask that your agent amend the buyers representation to 2.5% so you are not on the hook for the last %I will say, some agents are VERY strict and won't budge from 3% fee which in my opinion is kind of ridiculous.If you are my client and the seller is only paying a 2.5 % fee I won't ask you for the additional 0.5%.

What costs/fees should I look out for?

I think they're probably paid part of the signup fee.

Most lenders that I work with give Wholesale Rates (vs retail rates when you go directly to a lender). 

I guess they are holding you ultimately responsible for pricelabs raising rates.

Fortunately at my rate they have some cash flow and good appreciation.The rates make it rare that the brrrr is the best option available.