They charge a $10K fee and their monthly management fee is 10%.

NonQM "shops" offer a variety of loan types, DSCR being one but they are the lower rates and fees.

The headache of playing peacemaker between 3-5 unrelated tenants doesn't sound worth the premium management fee; not to mention rent by room generally brings in lower quality tenants which require significant more management.With that said, higher rates are pushing investors toward rent by room simply because it's the only option for cash flow (at least in Denver) which is why I have so many folks reaching out.If you currently have rent by room investments or perhaps you're a PM currently offering rent by room, I'd love to hear your feedback and any advice you may have. 

BP is not an inexpensive place to market yourself with the Ad fee structure so agents and those that dont have large budgets could never afford it.. so the ( as its now called ) reverse trolling is the way these folks are trying to drum up bizz ?

You can totally do this, work with a realtor or PM and pay them a flat fee for helping turn the property / show the unit.

Just keep in mind that condos still have HOA rules and fees, which can sometimes limit rental options or add extra costs.

I just paid my attorney 15k today in just fees for 4 entitlement contract red lines and we arnt even under contract yet!  

@Dakota Williams While it’s nice to improve the ARV and obtain appreciation for when you sell I’ve discovered that most of the time I can’t access that “hidden value” because to refi out the new value would leave the property with negative cash flow.

And what are the fees!

.- S8 tenants don['t want to pay application fees- S8 tenants cry broke about paying security deposits- S8 tenants in the program for 10+ years claim ignoreance on filling out their paperwork because they've learned a desperate landlord will do it for them.If you want a S8 tenant, you MUST advertise on www.AffordableHousing.com