I applied in March and have had credit pulled twice (I have 700+ credit) and have yet to receive a dime and haven’t received stimulus either.

So if you look at the numbers if you pay nothing down over 10 years you make $120k if you pay it off over 7 years never touch a dime you make $145K.

Just my two dimes worth!

@david edwardsWelcome to BP.If I were just starting out, I would go to local REIA's, join some meetup's and learn from folks while they're doing on their dime. 

In any event, if you cant make any money with a worst case back of the napkin calc (=50k) I would think twice before I'd proceed and spend a further dime on it. 

The reality is that (for me) there aren't a ton of nickel-and-dime repairs on a monthly basis. 

They did not require earnest money and all rehab was on there dime so I did not have cash tied up in the deal for that duration. 

They did make the necessary repairs and it didn't cost me a dime! 

I totally agree with you about the nickel & diming of different fees.

No one said it would be easy....fast forward to today and I collect monthly rents and have a 4-family house that I don't need to pay a dime on since the expenses are all covered.My advice to you is to simply pull the trigger.