Of course they are going to have bad credit or they would be looking in a better area.Another thing you may want to consider to drive more applications is to not charge the application fee.

Account for all costs, including closing fees, holding costs, and repairs.

Finally got it straightened out and Newrez did waive the late fees because it should have been a seamless transition and was not.

The PM fee is meaningless, 

Example: If a business buys an oven and it costs $5,000, and $1,000 for installation and setup, and $200 of delivery and transport fee. 

I have signed for the exact same program last month but they eem to hire disrespectful Frat jocks as employees who insulted me a fee times and get mad at me.

Lets say it takes six months  - you just spent $16,000 in lender fees and your $50k you could have invested elsewhere for another $5k.

Yearly bank fees for each, aka choose your bank wisely.

Each closing, whether multi-family or single family, is going to have some of the same costs: title insurance, attorney fees, inspection fees, appraisal fees, fees associated with financing, etc.

Include all expenses like property taxes, insurance, maintenance, and property management fees if you’re not managing it yourself.Network Like Crazy: You’ve already made a great first step by joining this group!