You will probably have some closing costs associated with the transfer and legal fees as well.

Mortgage payments, insurance, taxes, utilities, HOA fees, etc that occurs during the Rehab period and up until the property is fully rented.This may seem like an absurdly low offer price.  

Hard money lenders will have rates from 10%-14% BUT they will also charge anywhere from 1% - 3% in fees too. 

Spiders, sewage and a flurry of fees – the other side of renting a house from Wall StreetInteresting article from Reuters. 

It was recommended to me that I collect a refundable performance guarantee fee from co-signer so she has some skin in the game.

The only reference I have is for my duplex and triplex properties in CO; sewage, water, garbage and share common area fees paid by me (about $200/mth; tenant pays gas and electric.

Sounds like it would be worth the $100-$200 consultation fee as opposed to spending thousands more......

They have no skin in the game except maybe a $50 option fee and if they don't close they will just move on to the next.

Maybe those looking for that company and are already customers will see my ad reflecting management fees of 4% and it will peak their interest.

I plan to get a few other quotes but I have no idea if this is typical.Processing Fees $495.00Underwriting Fees $695.00 Loan Administration $58.00Fee Discount Points $719.20 Appraisal $515.00Title - Wire / Courier Fee $85.00 Settlement Fee $550.00 Lender's Title Insurance $450.00Recording Fees $90.00Realtor/Broker Service Fee $395.00Tax Prorations $1,500.00Total Estimated Closing Costs $5,552.20