I guess paying that person per property?

I guess my instincts were correct in this situation. 

I'm guessing you are maxed out and can't borrow more. 

They are very LL friendly and the minimum wage I hear is 11 dollars an hour and has been for several years I guess.

Upon discovering that the home value was much less that we would have guessed  but the prospective rent was much higher than thought i decided to buyout my brother.so before new years 2020 i had a 1378 sq foot 3 bedroom "farmhouse", full basement with laundry,  large corner lot and  large garage. 

I guess I got screwed on with these fees, but hey lesson learned.I guess one of the things I was looking for is to have quick cash and also finance the rehab cost, which normally I wouldn't get with a regular mortgage. 

So I guess technically it passes as there is a second egress, albeit nobody plans to use it unless there is an emergency.The home is quite a bit old (1800s) and the rear stairs should be replaced in the next 5 years likely due to some rotting that has taken place and some improper care over the years.

Guess who wins that argument.In the case of you carrying back a mortgage and being the bank, the note and the cash are both considered  proceeds of the sale. 

Then, you also have your continual Capex reserves, i.e. a new roof will still wear out in about 25 years, or a new HVAC system about 15 years.For maintenance, it is always a best guess, and percentage is about all you can use, but similar to Capex, the situation needs assessed: lots of trees, expect 2x per year gutter cleaning.  

I'm guessing that you had to pay at least 1 point for the hard money loan ($3400).