@Elton Tate first, you need to understand the difference between loan fees and transaction fees.Areas E, F & G are outside EVERYONE's control and you'd pay all but G if you bought with cash.So, your Closing Costs are really only $5,932Now, $200 for a credit report is crazy unless they are pulling Dunn & Bradstreet on your LLC.Title charges, except for closing fee, are regulated by the State of Michigan Insurance Division.Why aren't you working with someone that knows all this?

what’s up everyone  I have a question would love some advice my child hood friend mom selling her home it’s listed for 430k the area i also lived in for 25 years house located around the corner from me currently not in bad condition at all what strategy could I tackle this opportunity with to start my portfolio and start cash flowing building wealth for the future ?

You'll need a 580+ credit score, 3.5% down payment, closing costs (2-4% of purchase price depending on credit score and state), and a DTI of no more than 57%.

@Bonnie Cerruti That sounds pretty bad.

(Sometimes depend on the market, I even throw in some bonus such as if they sign a lease renewal before end of the week we can get them some rent credit for the upcoming month, if the market is hot then I won't say anything) 

Be aware that some have HOAs, which isn't necessarily a bad thing because they will take care of a lot of the maintenance around the place.

Given that I would negotiate a rent credit of some sort.

This all seems like a bad idea for most private lenders let alone novice ones.

So I'm going through DSCR because of LLC purposes and I know the interest rates are higher than normal, with my credit about 7.2% hopefully ngl haven't confirmed.

I'd check their credit first.........just kidding.If you'd give more specifics as to type of property, lease term, etc, I might be able to help.If you're talking federal, most leases go through the GSA.