Low value markets might be Pennies on the dollar like you allude to. 

Private money may be cheaper, but may be more expensive if they are doing something that most hard money lenders wont do. 

It’s expensive and they often try to deny your claim when disaster strikes.Insurance premiums were up again in 2024 and coverage has not improved, far from it.

They must be very low odds because insurance companies are in the business of making money, not paying out maximums.

The Highway 64 property presented a great opportunity due to its low acquisition cost and potential for substantial value increase.

One of our MTRs is in an area with extremely low supply that we've had a waiting list for it one summer.

That's not worth 15% of the job.Another thing to consider is that some managers will charge low management fees and then add maintenance fees to bring in more income, while others charge high, all-inclusive management fees.

For the duplex, would you consider it to be in a high quality (A), medium (B), or low (C) neighborhood?

Sellers generally recognize that some assets are likely mispriced, whether too high or too low, because the sellers knows less than local investors and are likely relying in large part on BPOs.   

Eric,Without going into too much detail on each line item, at first I use my back of the napkin method with a 40-50% expense ratio.