How much of a credit do they offer at closing to cover the servicing fee?

If you don’t, maybe work with or for an existing company first for awhile?

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

It’s great that you’re pre-approved, but I’m curious why you’re leaning toward traditional lending instead of hard money, especially for a flip?

These borrowers typically have full databases of lender contacts whom they have existing relationships with, so they know who to contact and how to contact them.

The most important thing is to ensure your loan is covered in the event of a loss.  

I would recommend leveraging the BP forums to connect with existing syndicators.

What is the cost, and what does it cover?

It’ll cover you in case there are any disputes.I know it’s tough, especially when other tenants are being affected, but it sounds like you’re handling it as calmly and professionally as you can.

2) Are you pre-approved and have the down payment in your bank account?