I collect 10% gross cash flow on each.

This older home has older ceiling fans in the bedrooms.I'm planning to replace all the fans with LED light but wanted to hear peoples experiences on this.My thoughts are, ceiling fans are another object in a rental that break a lot, they get dusty and gross, and these don't provide much light to the rooms.

Never buy properties in high crime cities, which you will find here.Low Operating CostsIt's not about how much you gross but how much you net.

My current spreadsheets use 10% of gross annual rent for maintenance/repairs and 5% gross annual rent for CapEx. 

This can easily result in a situation where some states never collect tax revenue and other states collect more than they deserve due to mis-allocation of passive losses.For NC, it doesn't appear that the state tax code addresses this situation."17 NCAC 06B .3904 TAXABLE INCOME OF NONRESIDENTS AND PART-YEAR RESIDENTS(a) Nonresidents and part-year residents shall prorate their adjusted gross income, adjusted as required under G.S.105-153.5 and G.S. 105-153.6, to determine the portion that is subject to North Carolina tax.""

Here in Chicago commission have typically been between 2 and 2.5 percent of gross sale price but now with the new rules I have not met any agents willing to take less then 2.5% so what has happened is the listings that provide 2% are now increased either by seller or buyer to our minimum of 2.5%.

For example the 13 plex should generate $11-12k in gross market rents but has 50%+ occupancy due to a recent remodel.

Borrowing this kind of money to fund aggressive spend on growth in a high gross margin industry is once thing; covering Op-ex shortfalls is indicative of near term distress. 

It's a 2.7% tax on gross amount of all retail and food sales and they specifically mention STRs.

Please find some details belowAcquisition fee - 5%Asset management fee - 3% of gross incomeconstruction & oversight mgmt fee - 5% of rehab budgetdisposition fee - 1.75%guarantor fee - 2.5% of loan amountPref is 10% with 60/40 split unto 15% IRR and 50/50 there on.This is my first deal in the RV space so not sure what's the norm, so would really appreciate some guidance/feedback. # of fees looks standard but the % are slightly higher than what I have seen in the past (1-3% being normal).