BP has a lot of resources that can help but first you need to get clear on what your short term and long term goals are.

When you sell the flip, you'll pay a commission.So the short answer is that you are paying when you buy and when you sell.Everything is negotiable.

Quote from @Pierce Mooney: I am also wondering about short term rental planning strategies.  

Im looking for a loan for a short term rental.

(different loans have different seasoning periods for your funds and different guidelines on allowing gifted funds - something to consider) To determine closing costs you can call a local title company in your chosen area and ask them for their fee sheet and your lender should be able to provide you with any other fees associated with the loan.

In other words, the property will never hit the market during this down cycle, but instead hold steady until the market rebounds.For any property that a bank wants off their books, most are being sold in a short-sale capacity.

5 years seems short in a payback period in compared to how much commercial real estate generates. 

Once you find them, I recommend making two offers - a subject to offer and a traditional offer, which will likely have to be a short sale in most situations. 

We own both long term and short term rentals locally after cashing out on CA real estate in 2020 and moving here.

Some time period later you want to sell that property to another investor while still under terms with the original seller.