It's certainly worth the cost of having him review the contracts and inform you of your rights.

This can put a significant strain on your finances and cash flowThey also often require a large down payment themselves and may have a strict repayment schedule that can be difficult to meet, especially if there are unforeseen circumstances or delays in renting the property or generating income from itIn addition, relying on this type of loan may expose you to higher financial stress and the possibility of default if you are unable to meet your loan obligationsThe final decision depends on your overall financial situation, risk tolerance, and your ability to manage the associated costs and obligations

After closing costs, it was about $107K.

Leasing is a specialized skill—PMs deal with this daily, making them far better equipped to handle applications, verify income, conduct background checks, and evaluate a tenant’s overall suitability.Protecting Your Investment:The cost of a bad tenant can be far greater than the cost of hiring a professional.

You have to have exit values of single family homes high enough where build cost can work.

A typical PPM will cost about $10K. 

@Loren Souers I'd have to run the specific scenarios with the rates and fees, but if you're OK with paying the higher closing costs, the Mortgage 1 deal looks good, particularly if you focus on CoC returns.

The cost of admission was worth it as I was able to make really good connections with a lot of people both in the program and not.  

How much upfront costs are typically involved in a project before you know if it's a viable project to pursue? 

Look at all of the costs and then all of the revenue and make a decision based on that.