PLus usually fees are much less than hard money lenders and it s fixed rate for 30 years.

To add to the good information you already received, if you can qualify for a  traditional bank or even credit union loan great, because your rate, fees, and terms will most likely be much better than a hard money loan. 

Originally posted by @Eudes De leon:thank you guys for your input  so that would lead me to another question  where can I find a FHA appraiser that I could talk to The cost of the time of an FHA appraiser is an FHA appraisal fee, which in turn requires a fully ratified (seller signed) purchase contract, assigned FHA case number, etc etc, unfortunately. 

Specifically, I will be charging for tenant placement and a monthly management fee.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

No origination fees. 

There are three costs you must be very familiar with LandSoft (carrying costs, entitlements, impact fees, association if applicable, maintenance, etc)Hard (home construction as well as site construction)Have done numerous MF and SF developments. 

Doesn't have to be dirt cheap (see what I did there), but decent quality work for a reasonable fee. 

Current calculator exclude lease renewal fees of 70% of first month rent by property management.  

According to the contract I would be liable for paying all legal fees.