It's free for small landlords and the monthly transaction of $2 fee can be paid by the landlord or the tenant.  

She will construct the loan with no point, no fee.

His parents were the cosigners on the lease.I have never dealt with a collections agency, I am assuming that will charge a percentage fee of whatever is collected?

I requested the closing documents to review all the associated fees and charges, and I was surprised to find that the out-of-pocket closing costs amount to $12,395.38.

@Samuel Metcalf- sorry ...getting  heloc on the rental duplex  will be hard / impossible to obtain ....if you can  get one - it would be a great option to use for the  remodel / landscape ....if you have  50K equity in your primary -you likely dont have  ample equity position to get a HELOC  on it as the max  comboned loan to value for helc lenders is  85%  ( maybe  90% ) ...I would try getting helocs on both to see whats possible ...if no heloc is possible - use the cash on hand for the purchase down payment / closing costs / loan fee/ prepaids and then use future accumulated savings for landscaping 

There are no penalty fees for paying off the loans early, FYI.Anything in this workflow that I'm missing? 

Add up expenses from Day 1 of the build and see how long it would take to recoup that dollar amount with your projected NET profit - meaning after all expenses.... ie you charge $150 a night but after cleaning/supplies/ fees, you make a net $80.

Read the contract details, especially fees, eviction coverage, and maintenance info.

Originally posted by @Ratna Eluri:@Antoine Martel Any idea about the expenses that are extra if I hold my properties in the name of LLC? 

These are often either free or have a small membership fee or a nominal cost and you can meet great people and often source some great deals and get the names of good connections at these types of meetings.