In Philadelphia we have annual housing rental license, annual fire alarm certification, annual trash refuse fee, etc…)

This is the same struggle that every new investor has- DTI will keep you from getting more loans quickly than any other factor.

Like most others, I am using HML to fund projects: they charge more interest than PM, they charge lender fees and origination points.

.- remember that you'll be paying all utilities if you rent by the room, so factor that into what you charge for rent, and consider using remotely-controlled nest thermostats so they can't jack the heat up beyond what any normal person would pay for (if you're in a cold area). the same could be said for a home with central air in a warmer climate.- consider baking into the rest biweekly housekeeping, so that you know that the property is being kept up with (prevents pest issues), and you won't have to deal with any quarrels over who's cleaning the common areas more than who.- always have the parents co-sign the lease.- make a manual for them. what would your own kids be calling you about when they first move out on their own?

I know there are networking groups like ACRE and Pittsburgh REIA but I get the feeling that I'll be paying a membership fee to get talked at for a couple hours which is not what I'm looking for.

built into rate for my fees -Interest Only payments for 1st 18 mos.

What else macro-economic factors do these type of deals hinge on?

I have never seen the bids stop in the middle.Typically the reserve is set for the amount of money due and all other fees incurred.

My 12-unit Condo Association doesn't have any mention of a fee schedule in the bylaws.

How much are the average closing costs (including agent service fee, closing fee, premium etc.)?