Up front fees (outside of appraisal fees) are typically a red flag when dealing with a HML.

And I still finance land flippers all over the US.. so perk test and soil test we deal with every week on our funding's.

This could be a flat fee or a percentage of their assignment fee.

I'd also like to echo @John Underwood comments....if this your first rental investment it could be best to learn the ropes with LTR. 

And they are actually slowing losing market share, at least in my market.People always try to offer a product and service for less, you are not the first one with this idea.

@Kwok WongGood luck with this strategy as you will tick off every agent and they will not want to work with you or have you pay them upfront.What makes you believe someone will accept 50% off list price?

Quote from @Muhammad Kashif: I would seek the advise of a CPA on this one..

Purchase price: $90,000 Cash invested: $25,000 Bought a house this fall in Minot for $90k.

The BRRRR calculator may help you understand this better as the results are shown in three different phases - rehab, post rehab and then post refinance.

I own 5 sfr in San Antonio and rent them out with a property manager handling all details.