Add 1-2% to what banks charge for interest .

Also I realize this is a huge jump to make for a first time investor on a property valued so high, but I figured the terms were amazing and I am having a difficult time getting approved for conventional loans to start smaller.

Alternatively you could mail it to them and pay the small charge to have a confirmation number that they have received it return to you.

It's only a state convention), and purchase in your name only then you are not changing the tax payer because all activity of the property would still be reported on your personal tax return.So that's a qualified yes from me.

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.

Ask him what he is charging for the job.

A good commercial attorney may charge a couple thousand dollars to create a contract.

I have only ever bought with conventional loans and my own cash, so this is new to me. 

If you say as-is condition and use fha or some other conventional type loan they may not lend on it if there’s a lot of repairs.How much money is this gonna cost you to mail?

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.