The fact that he is requesting this "fee" before being funded is an immediate RED FLAG.Pay him up front and you can kiss your money goodbye.Private lenders should understand your intention when taking on a project, and their role supplying the funds as well as receiving their interest payments.

Highly variable, lots of trailers and vacant non - buildable lots on paper streets. 

Ended up going for the 2.8% variable as the cash flow is now even better (though im using less leverage). 30 year amortize, paid monthly = ~900$ mortgage.

I supply.

I also supply a shower curtain that goes against the wall to keep water from rotting the window.

Don't be overly-prescriptive on types of materials, because that interferes with their supply chains and internal methods. 

Single-family home sales rose 5.3 percent year-over-year, with 5,260 units sold;Days on Market (DOM) for single-family homes decreased slightly from 67 days in February 2017 to 65 days this February;Total property sales increased 3.1 percent with 6,375 units sold;Total dollar volume climbed 4.5 percent to $1.7 billion;The single-family home median price rose 1.4 percent to $226,200, which represents a February high;The single-family home average price edged up 0.4 percent to a February high of $281,945;Single-family homes months of inventory shrank year-over-year from a 3.4-months supply to 3.2 months;Townhome/condominium sales fell 5.1 percent, with the average price up 2.0 percent to $210,887 and the median price up 4.6 percent to $170,000;Leases of single-family homes fell 11.5 percent with the average rent up 4.1 percent to $1,720;Volume of townhome/condominium leases dropped 11.5 percent with average rent up 2.2 percent to $1,515.https://www.har.com/content/mls/?

Current mortgage on my commercial office building is at 4.125% fixed until August 2022, then variable at Prime +.375%. 25 year amortization. 

Some of your manufactures like Bosch and Blomberg make models where the dryer supplies the power receptacle for the washer, so there is no need to run a separate 110v circuit.

Reason being, I'm never going to buy the deal for what the seller is asking and there are other variables that need to be factored that are sometimes not accounted for in the CAP Rate equation.