Because it is an investment property, you would pay all fees, including appraisal.

@Orlando Johnson- If you were going with 6% real estate agent fees the $12,500 number is incorrect. 

When you add on your new lease fees, lock box fees, inspection fees etc. the percentage creeps far higher.

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

Too many are locking up properties at retail prices and tacking on outrageous assignment fees, leaving no room for investors to profit.

HostGPO charges you a fixed monthly membership fee.

Both said the same thing to me (so I know a problem is brewing): "Nobody is allowed under the law to assist a seller in any way, while earning a  fee, commission, or profit from selling someone else's property without a license.

I’ve got a late fee enforced to try and disincentivize late payments.

If rent is due on the 1st and late by the 5th, apply the late fee on the 6th and serve a 3-day notice immediately.

What are the fees?