I’d contact the title company I worked with and bam by 11 I’d have 60 years of title history...yup West coast have digital title plants.. and the other east coast the records are at court house and an abstractor has to collect them for a fee.. or you have to do it yourself.. keep in mind East coast records are far older than west coast.. we are babys .. most records start with Spanish land grants.. along with section and range descriptions.. with 90% of the searchs done in lot and block.Just like some states people actually survey an SFR before they buy it.. that simply is never done in a subdivision on the west coast if you asked for one realtors and others would look at you like your were from  Mars or maybe Venus

My intention was to pass on the loan servicing fee to the borrower.

Forbes has a habit of putting something like this out every few years.The "bad" thing about investing your IRA in real estate is that the main Wall Street players do not have control over your funds and the means to earn commissions selling financial instruments.His arguments are entirely tilted towards to negative and not providing any context or perspective.I could just as easily pick 3 or 4 historically bad stock investments (Enron) or high fee annuities, and make it sound like that was all that you could expect if you went to a conventional brokerage - which is clearly not the case.For someone who understands real estate as an asset class, there is the potential to have your IRA produce consistent returns and have true diversification away from the news-cycle volatility of conventional financial products.

Things like property taxes and HOA fees can greatly skew whether a home makes sense. 

So, you are spot on when you had the idea to pay them a consulting fee.  

My intention was to pass on the loan servicing fee to the borrower.

Are there any added fees or anything else to consider? 

I personally wouldnt rent to anyone who smokes but if I were you I would just increase the security deposit or do a non-refundable smoking fee.

Flat fee?

Don't forget to account for lawn care, legal fees for evictions, leases, etc.I would need 0% owner financing for this deal to work for me.