Our first purchase is in the contract phase.

I'm going to contact them after they get their feet on the ground.

Still in the very beginning stage of getting off of the ground.

I don't want to look like I don't know my (donkey) from a hole in the ground.

It is very possible to pay more in fees yet have a lower APR.I suggest you never pay a broker fee up front, you do need to pay certain third party fees up front, like appraisal, credit reports in residential and those along with engineering or inspection fees in commercial, but fees should be collected and disbursed as need over the course of the loan process as you step through the qualification phases. :)

If you have the ability to purchase and funds to get started they might spend time educating you as it leads to a business and a relationship going forward.If you have no money then really what you have is time to try and shadow and investor and do gopher type task items to learn from the ground up.

(D)That the Tenant/Buyer is hereby notified to obtain renter's insurance to cover loss on his/her personal belongings located in the "premises" or on the grounds where"premises" is situated.6)COVENANTS OF LANDLORD/SELLER: The landlord/seller hereby covenants and agrees as follows:(A)That the Tenant/Buyer shall peaceably and quietly hold, occupy, use and enjoy the property, without any let, hindrance or molestation by Landlord/Seller or any person associated therewith.7)BREACH BY TENANT/BUYER: If the buyer shall fail to keep and perform any of the covenants, agreements, or provisions of this Lease/Option, or if the Tenant/Buyer shall ever abandon or vacate the property, it shall be lawful for the Landlord/Seller to enter into saidproperty and again have, repossess, and enjoy the same as if the Lease/Option had not been made, and thereupon this Lease/Option and everything herein contained on the part of the Landlord/Seller, to be done and performed shall cease, determine and be utterly void, except as set forth in paragraph (8), below.

Your approach is very good and grounded in logic.

Now he just collects a check every month and gets a rather steep discount on ground beef. 

My 9 unit MF is about two weeks from being ready to rent.  I have run into a bit of a snag concerning insurance.  My agent says that I can't put my landlord policy in place on the 5 unit building until I have at least...