I am currently practicing evaluating properties here in South Florida so I can get a feel for the market and what strategy would work best for my situation, and am struggling to find any off the cuff percentages (i.e. 1-2% of the purchase price) I can use to estimate rehab costs. 

It wasn't so long ago those percentages were being cited as historic lows. 

Normally you would each get a K1 based on your percentage of ownership of all the properties in the LLC - but it is more complicated if they brought you in and didn't set up a different LLC for the ones split by 3.  

Here is my analysis:Rental Income: $1,500===================================================================Expenses:Taxes: $168Insurance: $35Water/Sewer: $0 (Tenant Pays)Garbage: $0 (Tenant Pays)Eletric: $0 (Tenant Pays)Gas: $0 (Tenant Pays)Hoa: $67Vacancy Rate: $150 ( I do not know what the actual percentage is, I just used 10% because that is what you put for one rental property in spring and I just multiplied it to the rent $1,500)Repairs: $100 (Home has been recently renovated and I doubt there is anything that needs any repairs)CapEX: $100 ( I don't really know how to calculate this!

As one example, if you're doing direct mail, you have to know your metrics:- What percentage of mailers result in a response;- What percentage of responses result in a property viewing;- What percentage of viewings result in an offer/negotiation;- What percentage of negotiations result in an accepted contract;- What percentage of accepted contracts result in a purchase.If you can assign accurate percentages to each of these aspects of a marketing campaign, you can work backwards to determine that, "I need to send X mailers, on average, to generate a deal." 

But consider if appreciation percentages remain the same.

Martin You can't just look at the percentage that the prices increased in value and say it's over-valued without looking at the reasons for the rise in prices.I do think that we've had a crazy couple of years in the Austin market, with prices going through the roof, and I do think we'll see a correction, but not a catastrophic one.

Trisha responded that we could be there the next day and analyze a repair plan.   09/06/201411:00 AM Nick, Trisha & DebraMeet at property The roof was repaired and a dehumidifier with a setting to control the percentage of humidity was installed.  

It can be staged as a "consulting" fee or whatever you want to call it, if you can prove to both sides that you bring value by bringing two parties together then you can certainly ask for a percentage of the deal (albeit likely a small percentage).

It's a reason for concern for anybody who is getting into that business without adequate cash.Of course, if that were to happen, there would be another large, undervalued inventory, creating attractive investments, and the cycle would repeat.Where the article misses by a country mile is the idea that it is bad to have investors accounting for a large percentage of home sales.