Said he would ensure I would not stay in the business too long if I did not pay him $500 bucks for an introduction for a special servicing company he helped start.

It is cash flowing a couple hundred bucks every month (so rent > mortgage).

I had to use one in NYC when on vacation there one time and they charged 350.00 bucks and I was outraged,, but for me that does 4 to 10 closings a month as a seller it adds up to real money :)Not sure what the on line one charges because same thing this was with chicago title and I did not pay for it since we do a ton of closings with them they accomodate my stingy streak :)

@Don KonipolSo we have a short term loan with someone and as part of the loan they paid all the interest upfront (12 month loan), loan is maturing and they have extension options (for a fee) - they asked about the extensions and we said it was X amount for the extension and you would also start paying the monthly interest as well.They flipped out and am like what do you mean I have to pay interest ?

As the downtown has matured, being closer to town has become more important IMO. 

PrivateMoney.com is a lead generation service.They turn around and sell your infomation to guys like me for around 100 bucks a lead."

Alternatively, there are areas where you can get more bang for your buck and cashflow such as Lowell, Manchester NH, Worcester, New Bedford, and I'm sure plenty more.

It costs maybe 25-50 bucks per month and the servicing company will provide all of the required documentation for their new lender. 

I brokered a townhouse development in the early 80s and we gave zero coupon bonds to the buyers as an incentive to buy.. and If I recall the bond held 30 years would mature and have enough that equaled the entire price of the home. 

I have a hard money loan on this place and it is maturing soon.My partner and I can keep lowering the price but we are already set to lose a Lot of money on it.