This is anecdotal information based upon the interviews I’ve had with operators across the country.

Will - I work with CSSI, the premier company providing engineering based cost segregation studies in the U.S. 

We've never used percentage-based criteria, like the 70% Rule, for purchases.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?

Are you both friends and have unique skill sets and are breaking up the duties of investing based on those skills?

Unlike Robert K and many on this site, I judge a property based on total return.  

. $360k equity (based on your estimated loan balance and estimated transaction costs if you sold, this is not calculating capital gains taxes but that would reduce your equity down to about $310k if you sold without doing a 1031 exchange). $8k cash flow (this will increase over time because you are in an appreciation market). $6k principal pay down (based on your current loan). $20k appreciation (based on 3% which is conservative, 4-5% is the historical average).

Or, you could ask for a rate quote based on a range of credit scores and you can figure out what they'd charge you on your own.

Thanks for touching base and let me know if there's room for collaboration on any of your projects or just willing to share lessons you've picked up along the way.