If using a hard money lender, you can expect to pay at least a couple of origination points (% of the loan amount) at closing.Other fees: The cost of the appraisal, any underwriting fees, etc.

I see this as an opportunity to move away from higher maintenance residential to lower maintenance commercial (not office/retail) without losing income and from what I gather to be probable with SS, hopefully gaining some income.3) My only objective for using a 1031 is to be able to keep equity invested otherwise, I'm finding it to be a stressful and difficult path to completion. 

I have no yearly fees to keep it open and closing costs up front was only the transfer taxes.If you are planning on using a cash out refi for the duration of the investment property ownership, you can probably get a fixed rate that would be cheaper (or less interest rate increase risk anyway).

Most of the time appraisers will start using a cap rate on a 5+ unit building. 

We will do a cash out refinance using a fannie mae or freddie mac loan to get our capital out. 

Namely, when using a 3rd party property management company, do I need to account for the tenant security deposit on *my* balance sheet?

Using a low down payment loan and house hacking the property to lower my monthly expenses was the best way to get into my first property.

I am looking to purchase my first property soon, using a Subject 2 offer.

In your house hack, are you using a low down payment owner-occupied option?

If I buy the BRRRR correctly (<70% ARV-repairs) wont I save a lot of money using a HELOC instead of HML and the interest they will charge?