Namely, transfer taxes based on the assessed property value (even if transferred for a $1) & presumably additional accountant fees related to basis. 

The appealing aspect here is the ongoing population growth and other economic factors.

I know because I have done hundreds of appraisals as a fee appraiser prior to going into lending.

Here is my expected cost:Land: $475kAcquisition Costs (Environmental, Survey, Geotech, Traffic Study): $25kSoft Costs (Engineering, architect, impact fees, permit, legal, closing costs, taxes, interim interest): $300kSite Development Costs: (Earthwork, underground utilities, curb cuts, fencing, stormwater, paving, landscaping): $800k ($400k/acre)Subtotal before vertical costs: $1,600,000 ($80/SF). 

You may evaluate interest rates, fees, and closing costs by becoming prequalified from many lenders.

makes sense when you look at LLPA (loan level price adjustments) and you factor everything in.

Other fees really depend on what kind of transaction is taking place, whether it is a refinance, purchase, sale, etc.

@Bria Johnson in my local area I have begun direct mail marketing for local run down houses that I can send to local flippers for finders fees.

The interest rate is only important for your ability to pay and will not factor into anything in the future from an equity standpoint (But good luck getting a 5% rate when market rates are nearly 7%.

If they apply by email, I send them a lease on Apartments.com or Avail.co (a lengthier process, but sometimes tenants like to avoid the Airbnb fees).