There are always hidden items to repair.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

If you're looking for the cheapest monthly fees and low commission splits, there are plenty of options, but as with anything I suspect you get what you pay for or... what you don't pay for.

At this point, we want to move out the tenant and providing generous move out package - one month hotel stay, one month rent back, hold fee for next apartment etc, but the tenant is not -cooperating and also blackmailing us based on situation.

I know these won't get out of hand but have no clue what impact fees might cost me.  

Most loans have same processing fee.3 down payment is usually on purchase price. rehab funds are held in escrow, the investor needs some cash in their account to start rehab, when they complete items on rehab they can request a disbursement.4 appraisal is required.

Also, you don't have to pay for a leasing fee- for example my property management in Indy charges one month rent to lease it up.

Interesting... when loans are sold to the secondary market, but the original lender continues to service the loan, does the original lender get a service fee?

Both our tax accountant and financial planner are against the cash out because of the fees, but we have no other option if we want to get into investing in RE.

In order for it to be a good buy you want total rent for both to cover the mortgage PLUS vacancy (8%), CapX (10%), repairs (5%), and management fees (10%) (all percentages are just general, you can tweak as needed).