Basically, refund any and all down payments, interetest charges, processing fees, late fees, etc.2) I beleive Dodd-Frank only applies to owner-occupied properties. - Hence why all the DSR loans we've seen have a required document the borrower signs that states the lender will start foreclosure proceeedings if the borrower ever occupies the property.Please correct me if I'm wrong or clarify anything I missed.

I have written about it before in long past. 2) Yes, no PM and no tenant placement fee consideration.

With this, along with shifting the utilities to the tenants and reducing the management fee to generate an NOI of around $103k, I'd estimate the value around $1.8M to $2.0M

However, there are also some downsides to consider, such as higher fees/interest rate.

There are plenty out there with fair rates and lower fees.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

I can probably teach it, but I won't be spending that kind of money for the platform and I doubt people who wants to learn are willing to pay for the platform and tutoring fees. 

At 18, start with wholesaling to find off-market deals and earn fees without capital.

The legal fees and filing fees for the Reg D package average about $10,000 or so.  

5) What Placement Fee did you negotiate with your PMC?