It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.

I’ve seen that in my W-2 job, so it makes sense that the same value is applicable in real estate.

I think you can go as high as 15% but it's cutting into your margins and depends if you are a GC yourself or not. 150k is close to a million or more.

We rent it in between $75-125/night, depending on the time of year.

This is most applicable for growth of a portfolio, not avoiding cap-x. 

Its going to really depend on your location, scope of work, and finishes.

I am looking at 1031 possibly or just fixed refi/or use my heloc for the time being on a value add for a building 10-40 units (market dependent on price). 

Depends on if you have panels, crazy layouts, etc.

Some lenders offer creative solutions, like a cross-collateralized loan, where they use your existing equity as security without refinancing the duplex.Another idea is partnering with private lenders or exploring a second-position mortgage, depending on your lender's terms.

Hi @Charlie KrzysiakIt is all depends on your goals.