It is typically 10% of the building amount, or, the "whichever is less" factor...

So I’m not supper political, which ever side likes less government and lower taxes I’m with them.However, I’m kind of a Joe Rogan fan and he had Andrew Yang on not long ago and it was a pretty good conversation.

We have a Facebook page or I can add you to the email notification list if you would like, whichever is easier!

Whichever I do I want to make sure I can still fund another deal, so if I fix and flip the property I plan to use a 1031 exchange into a rental property.

Try to mitigate that risk as much as possible by:Partnering with someone that has experience (either in multifamily or flipping, whichever route you take)Be very conservative in your pro-forma numbersIf possible, try to buy flips where if the market shifts and you can't sell, then you can at least rent and weather the storm.There are still areas and deals where you can get a house for 30k put 25k in and then rent it for $700 or flip it for ~100k

I'd force appreciation or hopefully see appreciation do to the area growing during the year or two I live there, and then rent it out or sell it, whichever makes more sense at the time so I can continue to buy more in the future. 

Hello Taryn,Have you considered securing hard money for short-term use to complete the apartment scope of work and then refinance for a conventional loan either based on "As-Is" (pro forma market rents w/ no tenants in place) or "As-Stabilized" (fully rented) condition whichever the lender will allow?

That means researching it enough that you ask whichever professional you choose the right questions to ensure you are getting what you pay for.

HOWEVER, in this scenario, you can pocket $2,000 or 2% of the new loan balance, whichever is less. 

I’m thinking my split on a 20% fee of owner’s STR rental income would be 75% + a finder’s fee for new clients of $1000 or 1% of first year’s 20% rental fee (whichever is greater) + 90% of the $1500 listing setup fee which covers all the work of creating the listing, coordinating the photography, on-boarding to channel management and dynamic pricing software + referral fees on rental properties that go to list.