✅ Typical origination fees?

Originally posted by @Harrison Sharp:@J Massey if you want to connect shoot me a DM and we can chat more Appreciate it.

Originally listed above $200k, we landed at $171k.

Unless you are unknowledgable, my bet is you could make more from rent than sale, and still have the benefits of owning the original home while you go do something else.The 25K you have left in property will be netting you(gross) of $350 mo or 4200 per year.

All original tenants were long term low rent tenants.

A deal this small wouldn’t make sense as a partnership unless the original intent was to scale and grow together assuming this deal works out.In regard to the financing, if you can’t get it on your own without someone else’s balance sheet and income then it would be very difficult to untangle that partnership since he’d be a personal guarantor right along side you.  

I've been researching servicers and building data on a very small list.

.)- Average days on market- Absorption rate- Historical data on rents and sale prices in the area- Population growth- Main economic drivers (industries, individual companies, etc.)- Crime stats... if you know specific zip codes/submarkets that you'd like to target, the best data will come from local precincts. - and more..I'd recommend remaining active not only here on BiggerPockets, but in other valuable RE investment networks that you can find - i.e. local meetups (meetup.com, eventbrite, BP local events). 

@Jonathan Klemm I originate private loans, so I also handle the financing aspect.

Now his original property is less cash flow, and is his 2nd is likely negative $500/mo.