I know, I get a lot of different kinds of checks because I work with corporations, schools, banks, jobs, etc.

Live in one unit - It's a great strategy when using a bank for financing as the down payment and interest rates are more favorable to owner occupants.  

For full time management rates can range from 20-30% of gross revenue depending on the level of services provided.

Roll them all up and the averages are:purchase $154krenovate $47Ksell $232kThese are gross numbers, not including closing costs, borrowing costs, holding costs, licensing and permit costs, G&A, overhead, commissions, forward rate buy-downs, and lease-up fees, to name a few of the many expenses incurred. 

Some guys I work with were getting 90% advance rates in Houston, but I think the banks are back to 70-80% now.

Lastly, they’re going to want a higher interest rate than they can get from the bank for taking the risk.

Rental rate?

Start by deepening your understanding of CRE fundamentals, including net operating income (NOI), cap rates, and lease structures like triple net (NNN).

Mainly because many seconds the rate on the note is a few points higher so greed takes over with no real understanding of the risk..

Based on what you've told us, your rate should be at prime (7.5%), unless you are over 80% LTV, then it would be prime +1.Jeff