All the items you listed EXCEPT the last item (the 20% amount of the property) are closing costs.

I'm looking to do long term rentals except i have no capitol so i've been digging into the brrrr method the last month using the same kinda strategies you mentioned: 100% funding and no seasoning for quick refi and able to pay back the on the fix flip.

Obviously the co-signer was needed because of financial's, and the wife more than likely can't afford the place on her own, or the husband for that matter.That's one reason it's never good to accept a co-signer's except for student's with a parent's co-signing. 

I see it chanted ad nauseum about "soft landlords" on these forums "file on the 10th", "no exceptions", etc etc etc...That's not that question and I've ALREADY FILED.But I'm in a good area and screen hard, so this is the FIRST TIME I've actually had to file....Unfortunately this is one of the more "frugal" client landlords (and maybe not coincidentally my first)...I had to rent this townhome with stained carpets, broken fridge, damaged kitchen flooring and more.....Of the terrible prospects he had, he incidentally picked one with roommates/family members with bad credit and no rental historySo it's no surprise to me we're in this situation, but I find myself at ends arguing to save him time and money from the courts.

PARTNERSHIP DEAL BETWEEN INVESTORS: I am partnering with another investor and we both are going into the deal together, as we are doing everything (acquisition, project management, rehab, marketing, etc) except the funding (which is going to be done with the outside investor described below).

I have no direct experience with REI, with exception to providing consultation to a recently concluded family situation between my Mother [the landlord] and my Uncle [the renter] (a life lesson worth sharing later).

The majority of the vitals were done in the past 10 years, so the seller endured most of the major capital improvements.

Here are the stats on the home: Goal is BRRRR strategy1910 American four square w original siding/woodwork3/1 1200sq ftRepairs to rent out: 35k (house has had nothing done to it for 30 years except for an added garage)ARV approximately 70-90k (recently sold homes are all over the place but nicer ones are in this range)Distressed comps are anywhere from 15-40kOwes 2500 taxes due end of MarchMLS listed properties are seeing multiple offers no matter the condition!

I sent out five letters to this person and three months later he excepted the offer.

Whenever I do find a way.. things usually work out exceptionally well.