The $24K includes closing cost, holding cost of 3 months at 8% interest rate, origination fee, appraisals, etc... 

Cody,You're most welcome to attend...Bloomington R/E Investor Group Monthly MeetingTime of Event: 09/19/2016 at 07:00PM Location: Monroe Public Library Fee to Attend: Free https://www.biggerpockets.com/forums/521-events-an...

In Texas, we have earnest money in addition to an option fee.  

If anyone knows that area of the world, is my Vacancy %, Repairs %, Capital Expenditures %, Property Management Fee % set up correctly or does it need to be updated / changed?

This would be a commercial note limited to 80% of the trade-in values of the vehicles and would be priced around WSJP + 2.50% with a 1% origination fee of the loan amount.

@Dawn Anastasi thanks.... i'll go over there and see if it really reeks to permanent damage status.But I'm not a 1 strike your out type person.... especially if the situation is amendable(he's paid late fees and NSF fees twice totaling over $300)

Beware of State regulations for No Fault Evictions - - typically there are high relocation fees to the existing tenant.  

As you are aware, the long standing tenant can get a lawyer and assistance from the housing rights advocacy agency.Which could cost you court fees, relocation and additional FREE rental occupancy for the tenant ( judges do this a lot). 

If the note went into default The investor had the option to get their original funds back or keep the money in the deal for a percentage split of any fees from a foreclosure sale.

For my heloc they waived the fees for the appraisal so long as you kept the account open for more than 12 months.