I put 5% down because I wanted to remove the funding fee due previous use of a VA loan. 

The market already always could list at $1 co-op but very few actually did that, sellers also could always list with flat fee $500 MLS agents but most know the value of good agents and rarely did that.

If i could chime in and help in the search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

Hopefully with your pictures and videos, you'll be able to fight it and not pay the fees they're trying to charge.

A 3.50% down payment off that is 8750.00 leaving a base mortgage size of 241,250  then add the regular FHA Mortgage Insurance Premium or MIP that is 1.75% of your loan amount, or 4221 ( an up front fee FHA charges to fund their programs) which is usually added to the loan so you dont pay it in cash, then total loan is 241,250 + 4221 = 245,471. 

With such a low ARV, you will probably be looking to sell at 75% ARV - repairs, so subtract your fee/% from that number.

Hard money lenders are going to give you favorable rates the more you work with them, but the rate should be factored into the deal margins as its mostly out of your control. 

Yes indeed mate.I probably would have fixed the rate also but "underwritten" the deal from a worst case rate scenario like I would do with SFH if financing.I'm not versed in large multifamily deals and would love to learn more.I think I could really do some "damage" in the field because I own and run a property management company and we run a tight ship that's very well optimized from an automation aspect and affiliate fee structure standpoint.So my bottom line for example buying a 50 or 100 unit would be much safer/higher due to in-house PM and "working" the margin.

I suppose the one advantage of being a non-licensed wholesaler is that you don't pay MLS fees.

Hey @Ryan Brown - I personally would avoid any additional fees/charges on the rent as that can be disputed or simply not paid by the tenant.