Originally posted by @Juan Vargas:A “rule of thumb” that I’ve used before is 1.25% - 1.5% of purchase price.

They were having a good sale; everything was 40% off the "original price" (which is always a number they make up so they can then "discount" it).

How do application fees work for rental units?

I'm a hard asset type of guy, so bear with me here, I understand the foreclosure process, done a ton of those, so arrears and payoffs and legal fees etc, I get.Loan modifications, I've helped a lot people get those.

Originally posted by @Derek E.

Factor in ALL expenses like property taxes, insurance, repairs, maintenance, vacancy rates, and potential property management fees.2.

It won't be free.I suspect if you do the refi with the same lender you will still be charged new points, origination fee, underwriting fee etc. 

Hey @John Cook, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

Originally posted by @Matt Morgan:My parents built a home in 1999.

Origination costs, interest payment costs.