It all dials back to the servicing and set up of a loan.

Quote from @John Underwood: Also insurance rates are cheaper in SC than FL.Heavy emphasis on this one, especially if you are doing any kind of BRRRR, not only will insurance be expensive, but might also be tricky to find as some providers have stopped servicing FL all together. 

We have "squatters rights" aka adverse possession laws but it's really difficult to meet the legal requirements for that: the squatter must live in the property as if it's their own for 18 years, paying property taxes, making improvements etc. and it must be open and hostile/ against the true owners wishes for the full 18 years continuously to be able to make that claim.

My wife had already remodeled the kitchen, and after we got married, we spent some time to clean it up and do a full bathroom remodel. 

I have a "notebook" (that's basically a file folder, in Evernote) for different types of info I want to have access to later: lender info, referrals for service providers, property listings that I come across and want to check out later, websites that have demographic info... all sorts of things.

Pick a provider that's knowledgeable, supportive, and technologically equipped.Unlocking Your SDIRA's Full PotentialIn the end, an SDIRA is about expanding your investment universe.

I am curious if the fees I am being presented are in line with market norms:lender app fee: $10,000Origination fee 1% ($20,000)Lender costs: shows a fixed amount at $10,000processing fee $895registration fee $10,000Title and escrow fees: $4,000 est.6.5% rate fixed at 10 yearsPrepayment Penalty: Yield Maintenance months 1-114 (1% minimum)Third Party ReportsApppraisal Required Engineering Required Environmental N/A Seismic Report N/A Market Study N/A Funded EscrowsReal Estate Taxes Required Prop/Liability Insurance Required Special Assessments N/A Ground Lease N/A Replacement Reserves N/A Required Repairs TBD Debt Service Reserve N/AWould love to hear your thoughts on this as well as what you think is appropriate fees for the freddie mac sbl program. 

Well I actually closed on my house dec of 2022, but I bought a pretty old house and did a FULL interior renovation (out side still needs work) and have been here since June and we love it!

Full disclosure I am a paying client (and a VERY happy one) and get a bonus when new agents sign on after I recruit them.

Every investor has a folder full of these.