There is one conduit I know of that caps their fees at $25k for deals under $15mm, and they're only able to scale this because they're a top 3 firm and use in-house counsel.

Please answer only if you KNOW the answer to the question, meaning you are probably an attorney who specializes in this area or you have significant Fair Housing expertise or experience.In reference to 42 USC Section 3603(b) provisions that exemptions otherwise available (such as for an individual who owns 3 or fewer SFRs) do not apply if the landlord uses the services of a real estate, or someone in the business of buying or renting real estate. 

The fact that there is free bus service to Liberty is a huge plus.

But I am also witnessing as well as organizing a newer more scalable model providing for a more cloud-based, remote, less-than-full service--model that is appealing for a large amount of investors and property owners who are interested in receiving many of the traditional services (rent collection, bookkeeping, leasing, noticing, maintenance coordination, answering phones, etc.) but who would be willing to pay about 1/2 the monthly fee in exchange for participating by physically being present to allow access, showings, servicing notices, etc.

I'm not sure I want to keep wasting my time providing beautiful housing and excellent service to tenants who don't give a sh*t, spending each and every weekend crawling around in attics and crawlspaces of rentals with no time to even do my own laundry, or testifying at city council meetings--literally getting personally insulted by council members in the process--after waiting 6 hours a pop just to do my civic duty.  

There is a safe harbor from the service of 2 years if other criteria are met as well. 

If this is still something you want to consider, get expert counseling. 

@Shanae Williams Glad you mentioned the deal here and got some great counsel. 

No matter how the numbers add up, 17% is a little steep unless the service is heads above the rest. 

Who do people use for investor friendly attorney services in the Sierra Vista/Tucson area that can draft  mortgage documents for me (Note, All inclusive Deed of Trust,Deed) for a wrap transaction I have?