You pay in two ways:  Upfront cost and in pre-payment penalty. 

@Timothy Blackman- thanks  ...get some referrals for lenders from friends / co workers ...contact them all on the same day with the same criteria and ask them any questions you have and  ask for some scenarios ...compare the  feedback and service they provide ...pick one lender to get pre approved with ,,once you have a property - contact all lenders again for pricing options for the actual loan you will need ...hopefully the lender you chose for pre approval will be competitive in their pricing ..good luck

Not sure about lead times now, I worked with them pre covid.

With 700+ credit you should be able to get mid to high 6s if you pay a couple points and do a 5 year pre payment penalty.

In the spirit of order of operations, might be helpful to break down in this fashion: 1) With your 401(k), do you have pre-tax money and post-tax Roth funds?

THere is no template, most would probably use chatgpt but also be careful to not incorporate any contract terms etc. 

Is ongoing management charges separated out from pre-ownership services - finding, renovating and furnishing? 

Pre-inspection, it appears to be a solid opportunity.

Even though interest rates and terms won't be as desirable as conventional, you'll have an easier time getting pre-approved.

website is www.federa.com   it looks like they sell foreclosed and pre-foreclosed properties?