Yes, the fees cover your costs, which can add up if you have several applicants.

I would love suggestions about what to cover and in what order, especially if anyone has held one before.

This rate is covering your 80% property purchase and 100% of the rehab.

4) People will steal from a company assuming the insurance will cover the loss, but they would never steal from a person who would actually lose something.

I will have a down payment but with the income my other rentals will make in the next year after reserves taken out, will cover the downpayment for the loan.

If they pay after that, you use the late fee to cover notice service Marshall fee.Train them early and often!

The money received from the auction will need to cover the legal fees for the auction, the original loan.

As a former VA employee and a mother of a son who is a Navy veteran taking advantage of the post 911 GI bill for schooling, I have to say at least some of what your tenant is claiming in terms of not being able to pay the rent sounds like what comes out of the south end of a horse going north.Depending on what your rent is, the BAH from his GI bill should, alone, cover the rent. 

We initially signed a contract for asking price on the property and I subsequently asked for $20k break on the price based on the inspection results, which I thought was a fair ask and the seller signed the addendum accordingly.Now the seller is asking me for another $6k to cover costs of heating unit replacements (after further inspections done by the seller as required by the city) since the units are over 50 years old and cannot be brought up to city inspection requirements.

We initially signed a contract for asking price on the property and I subsequently asked for $20k break on the price based on the inspection results, which I thought was a fair ask and the seller signed the addendum accordingly.Now the seller is asking me for another $6k to cover costs of heating unit replacements (after further inspections done by the seller as required by the city) since the units are over 50 years old and cannot be brought up to city inspection requirements.