After that the closing costs will include origination charge, taxes, Appraisal, Credit Check, Flood cert, Insurance, Mortgage insurance if your LTV is higher than 80%, Title charges.

I heard South Carolina charges triple tax for rents and low taxes for owners.

Check out the area/neighborhood-- should you be charging a premium or a discount?   

Do you include pool heat and raise the nightly rate, or do you charge separately for pool heat?

Any tips or information on where to find the correct contracts to use and how to do this legitimately?

The property is pretty cheap (85k), so I wasn’t sure how much we could charge, but we’ll think about that.Thanks for your help, my man.

And then he had a chair broken, which was a $100 fix, and then he wanted to start charging everyone a $500 damage deposit. 

This is because of typical year-long leases and independent landlords that aren't as efficient charging market rent at every turnover.The second factor is that rents are a function of monthly payments not purchase price. 

We're kind of friends, he's trying to help a local guy, and I want to avoid presenting him with a s***show he can't approve and not charge me for the hourlong trip to get here. 

I pitch that this is what Hard Money lenders charge, but I’d rather pay them.