I then use that option fee towards the next house.

IndianapolisUnder Contract: 158kWholesale Price: 164k (Includes 6k wholesale fee)ARV: 323k

If the property is in a High-Risk Flood zone then the HOA would buy flood insurance for the building(s) and the cost will come out of your fees.

I wouldn't take much stock in what your realtor recommends, they typically list higher than what it's worth to lock you into the deal  I use flat fee and can sell myself or MLS which works very well for me in the event I do a creative sale. 

LLCs are very affordable often they can be set up for a few hundred dollars in fees. 

You said the tenants pay the utilities, but I would reach out to figure who pays for the gas, electric, water/sewer, city fees, and trash to more refine your estimates. 

Origination Charges $995 % of Loan Amount (Points) APPLICATION FEE $995B.

My investor and I originally came up with the idea that we would be splitting everything 50/50 but since I have no cash in the game I threw a few ideas at him including different splits or paying me a small flat fee, but before I sent him a firm proposal I wanted to run it by you all...As all the guru's and BP podcasts talk about, I need to know my "why".

It'd be wise to call and vet them out, the rates are around 7-8% for multis, some have fees on top of that, some do not.Shout out to the local REIA, they meet about once a month if you're interested:https://www.meetup.com/Rogue-Valley-Real-Estate-Investors-Network

This has defiantly been frustrating.From what I can gather the home owner made a payment directly to the bank at last minute along with paying all other associated court and lawyer fees.