It is not uncommon for a passive investor (professionals -doctors, etc.) to consider less than 10 percent.

@Nikki Grizzle I think you put up a really good post for new investors...It's like any other professional service you get--you're not going to hire a domestic attorney to draft your will or an eye doctor to operate on your ACL.

Every home inspector sees things differently, and every contractor does the same, just like any doctor will diagnose a rare illness differently, or some attorneys will look at an easy case and some find it losing.

@Jason D. looks like youve got it handled. i work for a large appraisal firm and we always ask our clients for a list of improvements and a rough estimate on how much theyve spent. we scan this document directly into the report. some of my appraisers find it annoying when comps are provided (like going to the doctors and saying this is info i found off webmd) but most dont mind as long as theyre within criteria (distance, time, gla, etc.). make sure all your safety items are in check (smoke det, leaks, etc)

(Doctors love to invest) I Look forward to making many connections with the members of the BP family and possibly meeting face to face. 

BofA is very aggressive on Jumbo loans & offers best rates for high net worth/income individualsRecently a Doctor client of mine closed with 7-yr ARM at 2.875% ,25% down on a $1.7mil home

Not only will this technology revolutionize the building industry but with other materials it will be capable of building body parts to help doctors/ patients replace defective or worn out ones.

Too often, doctors, lawyers, and other high-income earners don't factor in the amount of time and energy required to actively manage deals and consistently make solid returns.If you have already maxed out your income, have lots of free time, and don't mind the tenants and toilets, then invest actively. 

When I get sick, I go to the doctor.

I've seen so many doctors and dentists in Korea investing when they reach their 50s, and that's also the advice my parents gave me.