I allocate 12% to vacancies for all of my investors.3.

You calculated $300 per month for cash flow although you did not allocate any for management. 

I would think most BPers would hate having a large sum of cash sitting in a checking account, so I'm curious as to how you allocate these funds.

If you are happy with 10% return and it gets risky at 15% for the asset you are buying it doesn't make sense.Now if you are worth 10 million then 700,000 is only a 7% allocation to a high risk asset with an apartment building for location at a 10 cap.

I always used whatever the taxing authority allocated to land versus improvements.

During escrow process is also time consuming because you need to submit a lot of paperwork to escrow, but if you only have 1-2 clients, you won't have a problem with that.My husband likes to have his time allocated to find some investment properties for our portfolios rather than being a full-time real estate agent and I fully support him and we are right on track.

(Note -- GE, which I never owned, is an example of a long-time dividend raiser that lost its way and cut its dividend to a penny a share recently.)For my asset allocation portfolio, I use the more conservative 3% safe withdrawal rate (some investors prefer the 4% SWR).

You'll need to allocate time and energy to figure out the answers.  

That will go a long way toward determining both your up-front repair costs and your ongoing repair / capex allocations. 

I'd probably order an all 50 states background check to see if there is a legal guardianship anywhere, and I would also put into the offer a specific allocation for the moving expenses.