Given the "range", perhaps make your decision based on the percentage increase in gettable rent vs the percentage extra it's costing ie.

From this data, you can utilize a website bestplaces.net that will give you a breakdown of the percentage of homes that sold, in various price ranges, for a given zip code.

Can someone please tell me what the Percentage i , for what the Taxes and Insurance is , for properties in Shelby County ?

Brandon (from BP) of course has great videos on Percentage Rules as well as Youtube (by the experts only) on cap rates.

Fun fact: some hugely disproportionate percentage of ^these^ phone calls are from folks who it is clear speak English as a second language.

It depends on the capital you have available.If you have 200k cash and put 10k down on the property in Memphis then overall a small percentage of your liquidity.

Over time, with decent records, you will be able to develop your own conversion percentage and really be able to project, if I look at 100 houses and make (super low) offers on 75 of them, I can expect to actually negotiate and buy 2 houses.

Even if you COULD leverage your property to a higher percentage than 80%, I recommend: don't!

I continue to do equity joint ventures (ejv) where I take a percentage of the profits.  

response : yes with possible arvcoc -> myself yes, for the amount of cash you are dishing out ( only my 2 cents - prefer at least 10% - 12% )quick glance : do you have snow removal  in your number or part of property management percentage ?