We then charge the tenant a monthly flat fee for the utilities.

Quote from @Galvin Mendoza: Good morning biggerpockets,I am a new real estate investor who recently purchased my first 3 flat in Niles!

If you don't need assistance marketing the property and just filling out paperwork with a tenant you found, many agents will charge you a flat fee that may be cheaper than an attorney. 

They are very transparent about where the money goes and great stewards, of it so we feel comfortable giving knowing they're not using it for frivolous excesses. 

A conventional loan may come in slightly cheaper, that's true, but the red tape on conventional mortgages is excessive to say the least.No Reporting on Personal Credit: DSCR loans are kept off your personal credit profile, which is perfect for keeping your personal and business credit separate.

Unfortunately, the perceived excessive costs involved in purchasing real estate can intimidate aspiring residential real estate investors.

Main attraction was flat rate management fees vs % that everyone else charges.

This is NOT the time to take excessive risk.

Hi @Jonathan Klemm, I'm currently with HomeSite, but they're dropping me because they no longer insure 3-flats.

It is the only way to eliminate some costs without flat out giving away money to make things affordable.