One of the bits of info they share is percentages of listings at various price points, and "below $1200" is one of those break points.

@Jason Kahan, As tenants in common you would both deeded a percentage of ownership of the property.

As a teenager, I managed properties that I owned a percentage of.

As a seller would you question this and renegotiate a lower percentage of purchase price (3% to listing firm only), or request it is a more even split?

I've started presenting offers to sellers showing them the net of the offer minus credits/concessions so they can see the full picture, and not just focus on a percentage point.

Of class B (management) share, a percentage is given to the "capital raise" LLC.

Per case law the courts have not decided on a specific formula or what percentage of CPI.

I will state that refi appraisals are more conservative than purchase appraisal and not by a few percentage. 

I chose those locations because of cost and cashflow percentages from the BiggerPockets map on where to buy. 

Auction buying (real auctions, not sales disguised to look like it’s in auction mode) can be successful for investors who invest in multiple auctioned properties over time so that each property represents a small percentage of the overall portfolio of properties purchased at different auctions.