For us it varies by market but in our primary market 15% plus a small monthly fee to help cover software costs etc if it's a lower gross property.That's full service, host doesn't have to worry about anything and can forget the property even exists if they want to.We do have tiered services where it's 10% (w/ no or lower monthly fee) if the owner wants us to only do one side of it (either manage bookings but not guests/cleanings/maintenance, or vice versa).25-30% used to be more normal but that's legacy pricing now, for a couple of reasons.1) Of course margins are much thinner for owners now that revenue has generally come down across the board from the peak, while home prices and interest rates have risen alongside that.2) Probably even more important, a simple supply/demand equation, particular to the case of increased supply. 

Either become an expert in the niche/market you want to invest in or invest passively alongside an experienced investor (syndications/funds).

national lenders and the brokers who put you together with them will be more expensive and if the deals dont go as planned these lenders can be nightmares.. community banks will generally work with you if there is a hiccup.

Looking forward to forging valuable connections and learning alongside each one of you.

Purchase price: $195,000 Cash invested: $27,200 Sale price: $259,000 Contributors: Peter Vekselman Partner Driven, alongside our partner Seth Choate, acquired a property on Mount Vernon Dr #D in Modesto, CA, for $195,000 on 4/29/2022.

Purchase price: $185,000 Cash invested: $500 Sale price: $234,000 Contributors: Peter Vekselman Partner Driven, alongside our partner Graham Lyster, successfully completed a deal on Pala Mesa Drive in Kingman, AZ.

But any little hiccup or bump in the road is going to put your investment at risk.My suggestion: save a little more and focus on your local market.

With a better understanding of your budget, you can make more informed decisions to ensure you are putting the money towards things that will not only keep your properties running, but to also increase the value of your properties.Financial Plans for the Future: Having a cost segregation study performed and using it as a planning tool allows you to have a roadmap for the future including being able to strategically utilize other tax benefits alongside it.

Alongside my studies, I am deeply interested in starting a career in real estate.

Banks do this regularly during any kind of financial hiccup.