If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.

In addition, this owner occupant buyer normally requires the maximum seller concession credits just to qualify.

More importantly, we don't know 1) your capability to pay 2) the seller "requirements" or needs, 3) property condition / collateral valuation and 4) why you don't just buy traditionally. 

Bridge loans like this are not without risk - in this example, you have to get the old home sold within 6 months, and this may require you to sell if for less than you would like.

LA can be super expensive if you're getting construction done for you, but it can also be super cheap if you play your hand right.

Similar with a SFH: I can at least get in the market with a 5% conventional loan not expecting cash flow but hoping appreciation will help me out in the next 2+ years and I will at least be able to put up the remainder of the expenses since I do live with my parents.

Your emergency fund is a great cushion, but be ready for unexpected expenses.

TenantTurner.com - essentially a better version of ShowMojo; however, it is not a Rentlinx.com replacement Use.Rently.com—I am awaiting a demo with them; however, I think they are going to be too expensive as they do not handle only Syndication without signing up for their PMS solution.

@Abigail Irvine so you don't show enough income to qualify for an owner-occupied mortgage, so that leaves DSR loans on rentals as your only option.At the minimum 20% down required on DSR loans, your $20k barely gets you to a $100k purchase. 

The lender will see it and frequently require the buyer clear it before approving the loan.