THe plumber charged $240 to respond and clear the line of paper towels.

@Dante Gonzalez's deal is really slim to begin with, so he wouldn't be able to charge much.

The two considerations I would advise is:Does Cozzy charge a fee to the tenant when making the payment? 

Avoid your local banks unless you don't qualify for Conventional financing. 

That is going to put a practical limit on what you can charge and expect to keep them.

Dan Hi Dan, I think of it this way.Hard Money Lenders are people in the business who respond quickly, are set up to do real estate transactions and charge more money for the convenience and speed.

Typical returns are 9-12% plus points if you charge them.

The landlord is crazy awesome and really isn't interested in charging top dollar for this apartment, even though 3 bedroom rentals are going for $2,200 a month easy. 

I use  only charge  two-thirds of the first month rent  to place the tenant . 

. $5000Total investment: $30,480Mortgage payment: $530/month (Conventional 30yr at 4.6%)Annual rental income: $21,000Annual Expenses:  Property tax  $1200 (verified through property appraiser website)Insurance $1,200 (best guess)Prop man.$1,680 (8% of rent)Mortgage $6,360Calculations:NOI = Income (minus vacancy)- Expenses (Prop tax, insur, and Prop mgt)         = 21,000- 4,080          = $16,920Cash Flow = NOI - Debt service (mortgage)                  = 16,920 - 6,360                  = $10,560ROI = Cash flow/ Investment basis       = $10,560/ $30,480       = 34.6%Cap rate = NOI/ Purchase price                = 16,920 / 129,900                = 13.0% Cash on cash = ???