Add 2 points and a processing fee for the broker an underwriting fee for the lender and various and sundry closing costs and you're golden.

We pay 1.75 months of rent per new customer.Total                      $34,000                $53,000Once your location gets close to full occupancy for 2 or 3 years. 

Here’s a more polished version of your message:Hello BiggerPockets community,A close friend has been encouraging me to get into real estate investing for years.

I already have some equity in the property after doing a complete rehab but I don't want to diminish my returns selling it after one year, paying for commissions/closing costs.

I've seen sellers be so fixated on a price that they give up closing a deal and wait months to get their desired price.

For a quick analysis, I get as close to the 1% price to rent ratio rule for cash flow in Indiana when I was doing my search and narrowing down properties.

I have a strong background in sales and business development, with years of experience driving revenue growth, building high-performing teams, and closing deals.

How much of a credit do they offer at closing to cover the servicing fee?

This also begins YOUR title seasoning, so that when you're ready to take out a traditional mortgage, you can refinance and pay off the seller without a title seasoning issue. you can buy title insurance from the title company at closing. this is a good idea. 

Sounds like this is a private money lender or a hard money lender.If you are getting funds from another source and relying on that to close, you should not put in the purchase agreement that you are buying with cash.