However I want to know if first mort has any charges that I need to know from the first mort?

Also, what is their monthly servicing charge?  

Be careful though, if they have lower interest rates, they may charge you points.

Revenue growth isn't tied to interest rates, it's tied to supply and demand in the rental market, plus what other comparable properties are charging.

So the question is what would it cost to finish the basement and the max rent you can charge.

My proposal or concept is to:A- Have my investor put up all of the capital for a 50% share in the project- he will get all his capital back after refinance B- Charge some form of fee- the bottom line is I got this property at a good deal and do not just want to "give" away from the value.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Should I serve pay-or-vacate notice and charge all the late fees?

But as Ryan states you cant charge points its got to be a flat funding fee and as a lender/ capital provider you MUST bring in about 5k per file to stay in bizz.. 

Alternatively you could charge them for it, i.e  1050 rent with washer/dryer or 1000 if you bring your own.