What is your exit strategy... pay me in cash based on rents or other income?  

My first property was based on a VA loan.

And is that refinanced commercial based on the 750k total put in? 

So based on what you know, if a beginner were to snatch up several of these 10.5% TDs over time, and experienced typical losses for a beginner, what would their net be? 

The demand is pretty high especially if you are near Hospitals and Military Bases.   

I've been a developer for 17 years on projects across the US and we do both JV deals and consulting based on what is most beneficial for all people involved.

I know that a lot of hard money lenders will fund 85%-90% of purchase price with 100% rehab cost on draws.

Some banks offer accounts with no monthly fees or provide ways to waive them based on account balances or activity.3.

Based on what you say, yes.

Here's a list to give you an idea:Startup Costs:Down PaymentClosing CostsProperty InspectionAppraisal FeeProperty InsuranceInitial Repairs and RenovationsEmergency FundOngoing Expenses:Mortgage PaymentsProperty TaxesUtilitiesProperty Management FeesInsurance PremiumsMaintenance and RepairsVacancy CostsProperty DepreciationLegal and Accounting FeesRemember that these costs can vary based on factors like location, property type, and personal preferences.