New Investor Intro & A Question for Locals

[Seth Holland]

Hello BiggerPockets & Hello fellow Memphis Investors

My name is Seth Holland. My wife and I are about to start investing in real estate! We've been watching videos and webinars, reading books and articles, and listening to podcasts for about a year now and we are so excited to finally get started on our first deal.

So here's my first question to the experts: We've analyzed a lot of properties using the BP calculators. We're currently looking at houses in the suburbs of Memphis (Bartlett, Cordova, Germantown, Collierville). We're having trouble with using realistic numbers on our vacancy %, repair %, capex %, and management %. Can anyone shed some light on what ranges their getting for these? If I go too high on these the numbers don't work out on the houses, but I don't want to get into a bad deal if I'm being too optimistic. Any help is greatly appreciated!