Again, these fees are charged and paid to the lender to complete and fund the mortgage.Third partyclosing costs include title company fees - including the actual title policy, escrow or closing fee, tax certification, and other title fees; governmental charges – including recording charges, intangible, and transfer taxes (depending on your state).

For example, in Mexico, you don't have to put minimum 40-60% down, interest rates are not in the 10's and you can get 20- to 30-year mortgages and you can't get any shorter actually and the right areas would fir within @Richard Foltys' criteria.

Also, the sooner you can plug in actual numbers rather than projected, the sooner you can determine whether specific deals work or not.

@Dennis Gallagheri don't really use any rules anymore, i just evaluate the actual expenses on actual properties. 

This is actually they entire reason I started my own PM company- I believe that the % you pay is for them to handle the day to day stuff like this, seems unethical to charge more when they actually have to put in some work. 

@Megan Jones many bosses are so busy with their own work, they fail to fully understand what their staff actually does!

Most of the big land wholesalers whole-tale the deals, meaning they actually buy/close on the land (using their own money or other people's money) and then list on the MLS to sell, because it is very difficult to find buyers without widely marketing it. 

Section 8 demand in Cleveland is through the roof, but unfortunately they don't actually pay that amount. 

Actual Cost to Build: For those who have built ADUs in LA, what were the actual costs you encountered?

I am concerned that the closing statement would not record the actual price I am paying for the property.