My goal is to become an investor of multifamily properties.

If you're maxing it out at 80% LTV on an investment property, you can probably expect something in the 9's or 10's.

And a service animal is NOT an emotional support pet. 

We don’t have an attorney yet, which is why I wanted to know in general what a schedule of fees would amount to.

If you have an interest on this topic, or think you can use or do use this concept in your investment portfolio, please let us know your thoughts and experiences.  

I'm not against suggesting that you pay a PM a little extra for an hour of their time to tell you about the local housing authority, even if you don't plan to self manage or don't plan to use them. 

As Michael said, it depends on if you got to the level of a trade or business when it comes to lending.Some important things that will determine this are1) The amount of loans you are originating on an annual basis2) What your intent is when forming this partnership3) The value of the loans you are originating compared4) etcBest of luck

We are looking for an attorney with experience that can construct an operating agreement for an LLC for an acquisition of a multi family property in the state of Arizona. 

As many have mentioned, Memphis is an excellent market to target for investing and your boots on the ground team will make all the difference. 

I know most of us here know these definitions, but just to make sure we are all on the same page.The main negative with MTR arbitrage is that since you do not own the unit, you get none of the benefits of being an owner.