Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

Blah blah blah.I love the Podcasts (I listen everyday sometimes multiple podcasts everyday and covered a bunch during a recent rehab) but there are a lot of those stories and I'm wondering if this opportunities are simply not in the cards for those of us building a portfolio today.

I'm guessing that it will be something like 10% to 20% but definitely not 40%.Do you mind me asking how that works, is there a correlation with how they value the property with how much the town needs to cover their budget?

Most agents are 1099 with no salary or benefits paid by their broker (most actually pay their broker to work there), and those occasional big commissions have to cover all those business expenses. 

I'm still not 100% what the advantages to that are anyways, even on a 2-4 units but I still have a lot to learn.So what percentage would you tack on to your fund raising to cover taxes, insurance, and upgrades?

I would have this tenant refer back to the lease that they signed for what is covered and what is not covered. 

Credit score is acceptable, he has no evictions, have enough income to cover rent comfortable. but then i am here as it's useful to learn from others experience for this kind of profile and background that I have no experience with.   

The lender assesses whether the rental income is sufficient to cover the loan payments.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

There are some great groups on Facebook that cover Kentucky real estate investment.