That seems like a fair compensation for your risk and I would think there shouldn't be a need to complicate the deal further by charging interest.  

Hey Donny Widjaja , both Brian Gibbons and Steve Vaughan have given you some priceless advice that gurus charge thousands of dollars for.

I am honored to be on your team, these are my charges $$$$$$$$."

On another note, always shop around and  try to find contractors you can have a good relationship with that will not over charge you and that you can trust to do good work when you need them. 

Make sure you know what the fees and charges are for and who is paying for what.  

My realtor charges ist month's rent to rent out ( does tenant screen, credit checks , agreement and such).I am now looking at the up and coming Point Breeze area. 

I charge my tenants 650 each for everything included and a furnished bedroom so I end up with a 100-200 dollar cash flow each month (depending on utility fluctuation) So all major repairs being paid for by landlord and cash flow to me you can see why comfortable staying here. 

I'm the wholesaler, and I'm in charge of this process - all new).  

PMI is the lenders way of saying, "you didn't put down the required amount so I'm going charge you to help protect me the lender".I was charged PMI on my very first home purchase.

Here are some things about Houston People do not know about.Last year+23,600 jobs (.088%) Growth in Jobs not loss2nd largest exporting port in the world, for every ship that comes in 2 go out2 international airports in Houston2 of the largest airlines in the world Hub'ed out of Houston (Southwest and United Airlines)Largest medical facility in the world (If it was its own city it would be the 16th largest city in the country)Fastest growing population in the countryTexas is the 10th most business tax friendly state in the country and if it were to not charge a franchise tax it would be #1.205,000 Non-Owner occupied homes in Houston1 out of every 4 people in Houston rentsIn a down economy the rental market goes crazy because when these people lose their jobs they become renters which drives up the rent pricesHope this helps clarify the Houston market