When I add a new tenant to the lease, the original contract terms remain in place.

Loan Origination Systems (LOS): What works best for mortgage and private lending?

How does rentredi handle late fees?

It is also important to consider the transactional fees associated with originating the HELOC, whether an appraisal is required etc.

That is, they take the arrears, the late fees and any legal fees and they create a 2nd.

I mainly want to ask if these assumptions are reasonable and if there's anything I haven't considered:(1) multifamily units in NJ close to New York City, ~$1,000,000, 20% down payment, (2) Using the following assumptions: 4% appreciation rate, 6.5% interest rate and 5.0% refinance after 5 years, $10,000 yearly maintenance fee(3) ~$6,000 monthly rental and assume 3% increase yearly with 5% vacancy rate(4) Based on the above, the calculated IRR if selling at the 10th year is ~19% (considering tax benefits) and ~17% (without tax benefits).

Originally posted by @Brett Cox:I filled out the form to inquire about their services and it mentioned a 15-30 minute consultation.

✅ Typical origination fees?

Yes this is possible.Go check with your original lender on the first property if you had one. 

This is more than enough to do PML's whether you originate or purchase from a broker is up to you.