By leaving a small portion of the existing, when permits are pulled for the construction, it goes under a “rehab/addition” which saves time and fees.

Closing costs when using bank financing typically include origination fees, appraisal fees, doc prep fees, etc.

Then there are the NEFAR fees, about $500 a year, so factor those costs into your business model too. 

Isaac Braun you are owed rent until it is RE rented plus any damages (security deposit - Paint, flooring, etc) plus RE-leasing fee or lease termination fee if it’s in your contract.Most highly qualified people won’t stop paying rent, forcing you to evict them and get a $$ judgement messing up their credit.

I have been reading as much as I can on how to land my first deal but either i didnt have time to research the deal or i didn't have money to buy the nesseccary subscriptions.

I've adjusted my closing costs to 4% and 6% for agent fees.

Some REIA meetings might also have food if hosted out of a restaurant space.You can find some free ones with Meetup.com, but they aren't completely free because Meetup charges the host of the Meetup group monthly fees.

However, it may be beneficial and more convenient for them to do so anyway.I would have to assume that the cost of the tax preparation should be built into the maintenance fees. 

Our original plan was to invest in Clayton County, hence all the areas described above.We're using the BP deal calculator and looking to get to a monthly cash flow number of $200/month with a return of at least 10% (after all expenses allocated for: PITI, CapEx 10%, R&M 8%, vacancy 8%, property management 8% and other PM "other fees" 4%.

I messaged them and they sent me a Subscription Agreement via Facebook Messenger.