Your lender setup their loan application incorrectly as a purchase if it was a refinance the costs wouldn't be 132k which is assuming a purchase price of 120k plus a payoff and closing costs which is how the cost total arrived at 132k.The cost should instead say about 13k and new loan to be 84k for a net of 71k proceeds to borrower approximately. 

We refinanced individual properties.Term 30 years, rates being at 7% (loans in the name of corporation), no hidden fees.We are also in discussion with RHF for a loan worth ~$500,000 (gut rehab 6 units) and so far I have no reason to believe our application will be declined.The standout point for me @RHF is their rates.Hope this is helpful to many who have asked for a review.

Historically I have always screened tenants one at a time (mainly because the applications tend to come in every day or two) and have chosen the first qualified. 

With a self-directed IRA, you must have a custodian (as with any IRA) and most custodians will charge a setup or application fee with fees for transactions and/or asset-based fees being common too.

Rents are strong and having multiple applications for properties.MLS deals are still out there but most of our deals come through our wholesaler network.

You can look up firms online, become another applicant in their system with a resume and a cover letter... but don't do that. 

However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law.

However, there is another stipulation I've read as follows, "All applicants need to submit with their application a written commitment from a licensed real estate broker stating that the salesperson applicant will be affiliated with the broker after becoming licensed."

Also get a copy of the tenants initial rental application and credit/background checks (if available) so you can see what sort of folks are living there. 

The problem is if you're consideried a "trader," you might owe 15.3% SE tax, Fed, and state (if applicable), and 3.8% medicare/obummer tax depending on your circumstances & income..