Plus, it leaves a lot of stains and needs to be consistently cleaned especially near water. for lighting it's really important what kind of temperature color you choose.

Is there any specific reason you choose to have a cap instead of just having them pay it all? 

As a hard money lender specializing in fix and flip deals, I can offer some insights on choosing the best lender for newcomers to the fix and flip market:1.

It's important to choose that one and commit to using it.

You may wish to cherry pick the loans and only choose the funds in nonjudicial states.

Walk away and choose some other property to chase.I made my first million dollars buying preforeclosures.

They do offer the option of placing it on MLS, but owner can choose the fee they offer to other agents.

With that you are CHOOSING to pay the lender some money up front in exchange for a LOWER interest rate.

However if you want to generate more cash flow putting 15% down will help you because not only is it a lower montly payment but when you hit 20% equity they will remove your PMI.If you put down 5% I would stronly encourage you living in the Airbnb if possible and renting out the home so you can generate even more incomeIf you look at it like this it'll helpMonthly payment < Potential income + current rentIf you can move and reduce your cost of living that is always great at the bare minimum they should equal each other in my opinion because at least you'll have equity if the market you are choosing is a strong equity market.

If you fit this category or the "tier 2" category ($500k-$650k), feel free to DM me and we can see if it'd be a good fit to work together and discuss the process.As a sneak peak, as I don't post or share numbers with non-signed clients, we tend to see 10-25% CoC returns depending on YOU: what you do or do not contribute and the finished product you choose to make ultimately.