A private lender can charge higher interest rates than the bank and thus increase the income derived Understanding that there is no guarantee in the real estate industry, and there are risks, a private lender can receive a return on investment of as much as 10%.

Much like a conventional brokerage, they hold funds and execute at your direction the transactions you choose. 

If it's non owner occupied you'd need to do a conventional loan which comes with a 25% down payment.

The sewer and waste charges are always based on your wataer usage so you should get a credit on them as well.Good luck to you!

Preapproval is generally free; lenders typically do not charge for the service. 

I know from my experience that the investment property seems always little over priced and loan rate is also higher than conventional loan.What do you guys think of 5.35% loan rate for the 30years fixed 25% downpayment at today's?

Not to sounds offensive, but everyone's time is valuable.If you are a buyer, you typically don't pay anything to the agent, unless they charge any retainer fee.

I purchased a condo with a personal loan (conventional mortgage), but would like to pass the ownership to my LLC (in which I have another unit - this one has no mortgage). 

If you do, then they will likely charge a lot more than 6%.  

. $25k would barely buy a rental in a rough area but doing some Value Add (through Hard Money or Conventional, @Tim Swierczek does both) would make your money go farther.Could also find deals from wholesalers, but look for Value Add.