One of the PMCs basically said they couldn't elaborate on that until we signed the agreement.

If this is for a fix and flip your project and your level of experience will determine what type of loan you qualify for. 

My projected ROI is 4.5%... so do I purchase it, or wait and save up that money for a bigger down payment on a multi-family property?

And with it, repetition of the same, novice, simple, basic questions, for a good accountant/CPA, right.   

first off if you have to buy a system those are not true private money lenders those are HML ers full stop.private money lenders are folks that you meet personally.. at REIA meetings etc.. other professionals that you may encounter in your day to day that would have invest-able cash. many of these professionals will have IRA solo K profit sharing plans and those are your perfect investor. otherwise quit wasting your time and find the nearest HML that are REAL  ( tons of fakes) their rate will be basically the same as private lenders generally speaking

There are many articles comparing real estate to the stock market, but they never take into account all the advantages and methods of earning one gets with real estate.I don't know where you are in your education journey, so I'll start with some basics.

@Bob Stevens it's no different than all the novice investors coming here and asking for rental applications, basics of how to screen an applicant, leases, etc.Pretty high percentage of posts are from newbies too lazy to do any work, but they expect experienced investors to spoonfeed them for FREE and high ROI.

After a thorough set up with them we simply email them receipts with a note for what it was for/what project and they allocate it into the right category.Now if you have the capacity to learn quickbooks or employ someone who is versed in it then that is your best bet. 

The money paid in advance basically functions as a free line of credit, or it sits in a bank collecting interest, so it is a profit center no matter how you look at it.

The basic "hits" can be seen here: https://singlefamily.fanniemae...When the "adverse market fee" was in effect, it was in addition to those things at the link above.