There is a 0.5% loan assumption fee on the $290,000 also.   

This way nobody pays an application fee for one I don't get to.

All areas of real estate have hidden costs and risks. 

@Anthonie Badenhorst,If your lease doesn't have a section for bringing in pets without notifying you, it should-- and include a hefty fee.   

Holding costs are things like mortgage payments, taxes, utilities, insurance, HOA fees, and anything else that pops up while you own a home.

It's a cash flowing investment property.The daugheter has paid all fees, has been paying the loan off with her rental income, and the father paid the deposit but then put that deposit as a 30 year loan at 4 and half percent % 

They were great, paid their rent, late fees when applicable.

(State depending, I live in NY where CC and Fees are up to 10%)

Of course, all investors want to maximize the cash flow in the property so, fees etc are an important factor.

I'm looking at an online course for 175$ plus 250 licensing fee.