For example, the preliminary appraisal for one property for which I paid 54k, , is around 67k, according to one lender running comps.

https://www.biggerpockets.com/rei/pay-rent-online-...Thank you,Zach 

Couldn't do 1st, last, and security so I structured for it to be paid over the first 3 months.

So, they will want to know that you are serious and in it for the long haul before they start giving you equity in the deal.Honestly, if I was in your position as a new investor with no experience who found an experienced investor to partner with, I would be less focused on how much money I will get paid in the short-term and more so on how I will use the experience I gain to make exponentially more $ in the future. 

Hi Everyone,My name is Jonnathan Agudelo, I just discovered Bigger Pockets through researching online and I am loving all the resources that it provides.

Sometimes they can get a little uppity about this and push back (somewhat rightfully so depending on how they're getting paid).  

There are multiple companies that do this for about a $20 fee online.

So it will be worth exactly what you paid for it.

Problem is the mortgage hasn't been paid in about 15 months.

Our LTV is less than 50% ( yes no risk at all for the bank, and we have top credit score.We already paid the appraisal, environment fee, wasted countless hours etc...The texts in LOI: Financial covenants:-- Min DCR based on actual rents for the first trust deed of 1.25:1.00 based on a 25 year amortization by the end of 2018.And in the loan doc---Property is to maintain a 1.25:1.00 Debt Service Coverage Ratio, tested annually.We would not have paid the fee and sign the LOI, had he included the phrase tested annually.Please understand that the loan  will be for 10 years long, and we are very confident that we will always have fund for the monthly mortgage payment.