Closing Cost.

If you can finance an entire deal that way, it does give you the potential to buy out the preferred equity and own the entire deal yourself within maybe 3 years.I think preferred equity is easier to raise in today's climate. 

I just got the first estimation for my loan/closing costs, looking for any assistance on analyzing if these costs make sense.

While using a quit claim deed could be a way to move the property into the LLC, it won't bypass the lender's potential objections.

Not to mention, may have some off-market buy potentials via one they currently manage that owner is looking to retire out of. 

It is very common for one employee to not know what the other is doing;2) Fees:- Instead of requiring tenants to pay in one lump sum, they let them pay in chunks (which is very annoying as they will charge you $10 for each chunk payment your tenant make; that means you'll be charged $30-40 more per unit/month if they let them pay in 3-4 chunks);- Every bill they pay for you will cost you $10 (+$20-40 more per unit/month).

However, you could potentially use 3 to 5% down conventional loan after a year or two and not need the 20% equity. 

What about the down payment, the closing costs, the rent ready costs, the commission to rent out?  

This approach allows you to manage the property closely, benefit from homeowner loan terms, and potentially increase its value with improvements before renting it out.As you transition the townhouse to a rental, ensure the rent covers all expenses and provides a profit.

Guy's I'm trying to determine the best course of action on a potential deal.