And do you mean they're fees are high or the interest rate or both?

Good point on fees.

I came to know and trusted Morris Invest (MI) a Podcast for real estate investors promoted by Clayton and Natalie Morris, which they received referral fees from Oceanpointe (OP) Property Management aka Oceanpointe Investment, LLC  and promoting their business to investors.

- What are the loan cost and fees associated with this loan?

Can you help me break down: 3. the $4500 lender fee: how many points? 

Plus their minimum balance to not get fee-d is little high.Also US bank has now twice locked me out of my online for no reason whatsoever and one time they said the only way to fix it was to go to a branch.

And there is less to maintain, and cost to get in is generally cheaper.The downside, is the HOA fees will eat a lot of cash flow, the turn over is higher I've found as they would rather live in a house than a complex.

It varies by market but if my PMs fee structures are typical in the market and they’re not overcharging I don’t have an issue with it.

And then beside that, does it even make sense alot of the time to buy such small properties if you can't manage them yourself - do the management fees eat up most of your cash flow? 

Here is the opening paragraph of Bulletin 012:"Property Management means the physical, administrative or financial maintenance and management of real property, or the supervision of such activities for a fee, commission or other compensation or valuable consideration, pursuant to a property management agreement.