The amounts of square footage cover is so low the delta becomes a rounding error. 

The fee structure is so brutal on the client side it makes a lot of sense from the client perspective and you can take advantage of some free marketing. 

Tiffy W. relying on the PO is so last century.

The condition is so bad the home is not worth the purchase price for collateral. 

unless the deal is so good they jump on it and by so good I mean waaaay under market value.

If that is so, it behooves you to understand how much that fee is and when it becomes due.

Originally my thought was $100/mo is so low I'm not sure if it's worth it as I'll have to put in extra of my own money for reserves and it will be years until I recoup that money but then I remembered that all in for down payment and reserves I'll be putting in ~13k of my own capital.

Regulations are no help, either, as far as I can tell.

Equity first comes in the form of down-payment, but you can also force it into existence with rehab or wait for it with appreciation.This is why it is so important that you re-invest your cash flow into more equity.

How I handle them is typically not well because I am not as swift as I should be - this is when having a PM is so valuable.Whats your goals/vision for 2025 Fed?