DSCR REFI qoute loan amount: 112,000rate: 8.99points fees and cost: 11,576cash out value: 16,424Bridge loan. 84,000 interest only 12 months at 11.99% property will rent for 2000 at a 1.76 DSCR score. thank youThe low loan amount is driving some of the cost and limits the lenders that will take it, but we just closed a similar loan (94K) and the total fees were:3 points or $2,820 to US Commercial-no additional fees like processing etc... came to us.Lender's underwriting fee $1,395Lender also charged interest reserves for $2,820Appraisal to a third party $550Credit report to a third party $45Hazard insurance for $1,733Escrow for taxes and insurance (just 3 months were required) $687.98Title charges equaled $2,702.75 which included a the government recording charges and a mobile notaryAll of those total up to $12,753.73. 

Worse-case you can hire us or Travis to do a video evaluation of the area of a target property.Read below for some additional helpful info.We think the Midwest is a GREAT place for OOS investors to consider!

Would it be best to establish additional savings accounts to hold deductions from my anticipated operating expenses (management, maintenance, misc)?

So far the numbers have been too close to justify the additional time a MTR might take. 

I have an additional 6.9 years remaining with this loan, and debate if it’s worth using the large some of equity in the property to get out of this deal. 

After weighing all my options I have more detailed information.

Any additional feedback is appreciated, and the podcast name is "Teaching Tax Flow". 

If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

So, if you bought a turnkey 5 unit property you expect that the condition is maximized and the rental income on the apartments is maximized, BUT there could be an opportunity to reduce expenses or add additional income sources.

In addition, you do not distinguish if non-commercial MF (less than 5 units) or commercial MF (more than 4 units).