Beach condos for investments are very challenging because the HOA fees skyrocket.

The standard management fee for REI is 10%, for an owner with less than 5 properties, and that's pricier than some other companies.

. $875 a month and you’re having VA’s you pay $3 an hour in the Philippines who have a huge language barrier RETURN VOICEMAILS probably less than 2 hours a week and you’re charging base fees of $200/week. 

Hopefully they're making more than $5000 per flip.I don't know, but it is very likely that the $5000 per flip is the wholesaler's fee for finding the deal.As well, think of the money spent as education costs. 

This loan is in place,   $300,000 loan guarantee fee to USDA for 70% guarantee

One more question: How do CPAs usually charge the fee? 

So your buyer would be responsible for paying your fee, which generally makes the deal not be attractive. 

If they are responsible for any HOA violation fees related for their unit, however, they are more likely to keep up the required grass, weeding, trimming, etc. 

They allow for a 30 day payment period with no late fee's to the tenants, and often times rent will go without collection.

This will open up more favorable loan terms and the ability to potentially add additional contingent funds or "developer" fees into the loan which can give you some additional drawable funds to navigate any learning curves you experience during the build.