@Zach Knoll I sure hope you didn't pay for one of those syndication mastermind courses that sells you on the belief you can assemble all of the components and educate a bunch of random's on how to empty their IRA account to fund your deals.

The more desperate a person is, the more likely they are to pay this fee.

Here is the scenario, the borrower misses a few payments, but resumes paying on time.

You have to remember that book keeping is relatively easy, so it's not just the book keeping your are paying for; you are paying for a business advisor who will help you systematize financial processes, make strategic financial decisions, and take your business to the next level. 

You should focus on paying it off and keep in mind the more equity you gain the more of cash you get to keep.

The investment needs to pay for itself, but they are not chasing cash returns because they know they will be buying up an entire portfolio of high risk properties. 

At $200/month, that should get you about 25 hours assuming an $8/hour pay grade.

Since I'm paying cash up front I could realistically acquire 50 units across 2 or 3 properties within a 10mi radius.

@Paco Rabi,It's definitely nice to have existing tenants in place because they will be paying rent as soon as you close!

Owner-occupants can pay more since they are not looking for a "return on investment" per say.