-Settlement Fee: $595-795 depending which title company you hire to close the transaction-Owner's Title Insurance Policy: Roughly 0.2-0.3% of the purchase price-Recording Fees and other Misc: Another couple hundred dollarsFees that will only be present if you are using a mortgage to purchase the property:-Origination Fee: Varies and is typically represented as a percentage of the loan amount-Lender's title insurance: Another roughly 0.2% of the loan amount-Appraisal: $500-650-Misc Junk Fees: Processing, credit report, flood cert, etc etc etc: A few hundred to a thousand dollars depending on the mortgage companyCosts that are not fees but still need to be settled at closing:-Prepaid interest (if there's a mortgage)-First year insurance premium-Impounds to set up tax and insurance escrow accounts (if there's a mortgage that escrows T&I): A few month's worth of each-Prorated taxes, water, sewer-Heating fuel remaining in tanksWelcome to New Hampshire, and happy investing,Troy

But the concept remains the same, whether you have two properties or you are juggling many more. 

A lot has changed over the past few weeks and I am continually becoming more determined and motivated to start investing in rental properties.  

It feels odd that PM can cancel the agreement anytime for any reason but owner has to pay the remaining lease amount to cancel the agreement- Is this normal?

We've spent the last 15 months paying off $30k in credit card debt, $90k in student loans, $10k to her parents, and are getting ready to pay off the remaining $25k on an auto loan. 

@Samuel Larson  Any of those lenders would require 1st position, so if the remaining balance is financed through a bank, they would also require 1st position (i.e. it won't work).

You obviously have motivation and drive to succeed.

The stock market can fluctuate quite a lot, but rental assets tend to remain pretty steady.

Most of the stuff I’ve been picking up lately is more on the motivational side which I really don’t lack lol.

I would recommend finding the remaining life for the big items (roof, hvac, etc) and breaking out the cost needed to replace/repair.