Mostly MF and self storage.I bought an industrial property from a wholesaler, paid him a $600,000 fee. 

The major factor to standing out in any market is design.

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

Hey @Keagan Scott, so I don't have any insight into Gary, IN but here is a blurb -"Those looking to rent out their properties for less than 30 days (about 4 and a half weeks) will have to get a permit, pay a one-time $150 fee, and have a city business license.

Thus, they take extreme risks and look for corresponding discounts.Additionally, after the first position lender accounts for default interest, penalties, legal fees, foreclosure fees, accounting fees, and everything else, the equity in your combined <65% ARV loan can easily erode to zero.

I have written about it before in long past. 2) Yes, no PM and no tenant placement fee consideration.

are they asking for up front fees? 

Wholesalers (no offense to those in the comments) who are doing this without being a foreign entity are probably co-wholesaling which is on the borderline and practically acting as an agent without a license or getting referral fees by having actual wholesalers on the ground doing deals and they just provide the leads which is different than wholesaling.

If I add up all the lender fees and my holding costs—like points, origination fees, and interest —I can figure out how much profit I’ll make and what my maximum offer should be.

Would the investor have to use an assignment contract between him and new end buyer to collect the mark-up fee aka assignment fee at closing?