Here’s a streamlined perspective:Your current approach, putting more down upfront, minimizes risk, increases cash flow faster, and allows you to build equity while reducing overall interest.

Their focus on attracting higher-end guests may reduce potential issues.

For example, the length of loan can be extended; or the interest rate reduced.

In construction, there is only so much you can do to reduce your margins while staying profitable.

It’s gotten me seriously considering bringing an attorney in-house to handle evictions and other legal needs moving forward.I’m evaluating this from two angles:Cost Efficiency: With the expense as high as it is, having in-house counsel could potentially reduce costs over time.

If your portfolio is large enough, 5% is better.Now, some people believe that this diversification reduces the chances for a large gain.  

Also lower your rent a bit ($1300) and reduce your deposit to $700. 

Also with plans to reduce industrial "intensity" in and around residential areas. 

That’s half the cost of Prime’s reduced rate.2nd, like everyone is saying, the cost of setting up and LLC is less than $100… closer to $50… if you just do it yourself through the state (not complicated).3rd, if you want someone to help you draft your operating agreement, hire a local real estate attorney and it will be significantly cheaper than $1660… probably cheaper than $550.4th, if you want someone to do your taxes and help you get your max deductions - talk to a CPA who specializes in real estate and they can review your operating agreement to see if you’re setting yourself up properly, and they can do your regular taxes… and be cheaper than Prime. 5th, a separate CPA can work with you regularly to review your investments and strategies to determine good tax strategies as you look to execute any deals. 6th - don’t lock yourself into a crazy subscription model before you start making money!!!

I felt so bad that I told him that I would reduce my fee from $7,000 down to $3,000.