I think you can go as high as 15% but it's cutting into your margins and depends if you are a GC yourself or not. 150k is close to a million or more.

That’s one of the highest growth forecasts in the country while still maintaining strong rent-to-price ratios.Memphis also has a resilient economy, driven by logistics (FedEx), healthcare, and a high percentage of renters.

., Richmond, and Detroit led rent increases, while Austin and Raleigh saw year-over-year declines due to high supply.

Those remote flips and high cash flow rentals are so tempting on paper, but they rarely go well in reality. 

If you meet that requirement, I highly recommend it. 

I highly recommend LIA (Landinvestor.co).

Underwriting is highly overrated by new investors.

I am seeing high 6s at 75 LTV with a 720+ score. 

You avoid the tax hit, and still get the use of 75% of the equity if you do a cash out refi - (but high interest rates sort of play against that to some degree presently… but you could alway refi again down the line if rates dropped.  

Just be aware it's highly unlikely the hourly rate will be negotiable.