other 721 may have even higher annual maint. fee  and dividend 3% is about the right one for cap rate 3-4%.

However the higher end is beginning to soften.  

Thats a low LTV but without knowing or seeing the PFS, Returns and previous P&L its tough but if strong 65% even higher should be workable.  

.- Having a set % and applying that each year is lazy and will result in higher vacancies.

If the seller wants to sell based on those higher rents let him/her raise them.

The top of the chimney must be at least 2 ft higher than any roof within 10 feet.

If it was an amazing piece of property and/or if I offered seller financing with great terms and I marketed it well, it could sell in 1 - 3 months.I'm not sure if we're heading into another 2009, because that was a very extreme downturn, but over the past few years, most people I know have been offering a minimum of 40% of market value for land right, with many of them going even higher.

I have been very successful doing BRRRRs but find them challenging with the higher rates with current property values.  

But you can’t use your “profit” as a guide when your buyer will have a higher interest rate on a higher mortgage with a higher downpayment.Goodluck. 

. - Due to all the EXTRA handlholding with the tenants in these circumstances, we either terminate our management or require a higher monthly fee from owner.If you are a PMC reading this and you do NOT have these checks in place for new clients - the market slowdown is going to cause you a ton of headaches with desperate owners dumping their problem properties on you.