With any house-hack comes some sacrifices as well: factors such as location, value-add vs turnkey, size, rent to price ratio, short-term vs mid-term vs long-term renting, and your ability to jump into the next one quickly all depend on you as the buyer. 

Keep in mind LLC fees ($200 in NC). 

I've seen that typically, 30 year fixed mortgages rates will be roughly the federal funds rate +2% (give or take factoring in other economic conditions). 

It's not a unicorn by a rainbow sitting next to the pot of gold, but the price you pay for such a loan, between the interest rate and fees, etc, will be about the same as buying a unicorn sitting by a rainbow sitting next to a pot of gold. 

Factoring in the time and efforts (driving, mailers, cold calls etc) to find "off-market" deals are you really saving? 

@Roseann KoefoedDo you mind me asking what the GC Fee runs?

At $1 per mailing or I believe also a $1 for skip tracing to get a potential number to call plus your monthly fee, you can easily see how this becomes an issue in the ROI department (with no monthly fee and just above fees, would make it ideal).

I'd be interested in a fee based vs. percentage....Mike

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Most hard money works like this Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.