Quote from @Juan Ruben Cortez: I believe the funding fee is 0.5% of the remaining loan balance, plus maybe another $500 - $1,000 in lender fees. 

additional fees? 

I have three listings, 1. unit with a pool and hot tub, 2. unit with a hot tub, 3. both units together as a 12 sleeper.Gross monthly income (after booking channel fees) for the first unit over a 7 month period was $7309.Gross monthly income for both units over a 14 month period is $11,297 (after booking channel fees) As a long term rental the combined rent would be in the region of $5500.Is it possible to sell the property based on the income generated by the STR business or would the value always be based on bricks and mortar comps? 

Do you have a setup fee?

Wild how many fees PM's tack on to extract value from tenants ontop of rent.

I used Hostaway for the last year and the they recently snuck in a 1.8% fee for our direct booking site.

Both are digital-first banks with minimal fees, and Mercury in particular offers free domestic and international wire transfers for most account holders.

I ultimately invested $65 cash, $5k in legal fees, and $9.7k in operational expenses while owning the home, and walked away with $17.3k after a judgement.What made you interested in investing in this type of deal?

People arguing such-and-such "Guru" is doing it and doing great, yeah, and how much is that "Guru" taking in student fee's per week/month?

or scammed them on their application fee (like we're going to make a ton of money off those).