For that reason you can expect the residents to live in basic proximity to:- Childhood friends- HS friends- HS teachers- Nuclear family- Extended family- A litany of other people who have been in their lives for a long time who got their license and can make an easy buck or two helping their “friends” buy and sell RE.As a contrast, a city like Nashville, TN has experienced rapid growth over the last 2 decades and has churned residents at a rate that creates an interesting dynamic now:  there are so many non-native Nashvillians in Nashville now that many people do not live around those old built-in social circles, which allows them to value 1.

I'd stick to .05%.Vacancy @ 5% - Justin commented on this but in Cumberland County rental demand is very strong but you will have to churn through a lot of applicants.

Don't get churned, if you're paying 0.7 points today for 2.875%, don't pay 0.4 points in six months to drop it to 2.75%, and then another 0.6 points in six months to get 2.625%, and so on, just stop, it's not worth it, the "skip two payments!"

The challenge in Indy is there are lots of tough areas, lots of wholesalers churning crap properties and neighborhoods that are just hard to rent in. 

Focus on finding more real estate investments and keep that money churning!

The most successful companies are doing this and they are churning out net profits of 20% or more.Let me give you an example of how this works.

Just some questions to get the dialogue churning.  

I budget about 10% vacancy as well, but reserve about 1% of home value per annum in capex acros the board.Building a nice excel sheet with all these assumptions in for quick churning of comparisons is a good idea.

You could be better off approaching a HML that needs more funds to churn and who also successfully sells notes as soon as the mortgage closes. 

I have now made the purchase on a ring in which I did use credit card churning to get points since I saved up the cash.