Yes, we do have a 15% down payment option available, but keep in mind it does require private mortgage insurance and your cash flow will not be as good.An example of the benefits of putting a full 20% down versus 15%.Price$150,000.00$150,000.00DifferenceInterest Rate5.000%4.750%25.000%LTV85%80%0.05%Down Payment$22,500.00$30,000.00-$7,500.00Loan$127,500.00$120,000.00Monthly Payment (P&I)$684.45$625.98$58.47Private Mortgage Insurance$71.00$71.00Total Monthly Payment$755.45$625.98$129.47As you can see in the chart that for a measly $7500 more in a down payment, you would eliminate having to pay PMI for the next 44 months (44 X $71.00 = $3,124) as well as the cost of money is 0.250% better with 20% down ($7,500 @ .250% over 44 months is $951.57).

Helpful resources: http://streeteasy.com/blog/what-is-normal-wear-and...http://www.nolo.com/legal-encyclopedia/chart-clean...PAINTING (IN NEW YORK CITY)NYC Housing Maintenance code requires painting every 3 years in apartment buildings of a certain size so if you need to repaint a unit due to tenant's actions after an occupancy of less than 3 years, tenant may be responsible for the new paint job.§27–2013 http://www1.nyc.gov/assets/buildings/pdf/HousingMa...http://www.nytimes.com/2000/10/01/realestate/security-deposit-deduction.htmlCONCLUSIONI will pro-rate the cost of refinishing the floors to tenant (based on areas where there are DEEP scratches not shallow ones).Paint and cleaning will be tenant's responsibility. 

But, if you're analyzing lots of deals, 9% of ARV is probably going to be a lot quicker to compute than 10% of total costs (as adding up total buying, holding and selling costs typically takes a bit more time).Sorry to be pedantic, but the engineer/mathematician likes both accuracy and precision...  :-)

I mean, look at this chart, this will look one scary chart in 2021 after 6% growth every year in California.Just my 2 cents.

I don't know precisely what needs to be renovated.

The RCD and flipping chart are information for me, please ignore.Originally posted by @Arpan Patel:Okay there is a lot to cover so I will break it down sheet by sheet.Inputs1) I don't know why you have a vacancy rate for a flip There isn't, this is 0 if it is a flip.

I didn't get a precise understanding of those regulations.In that case, I thought the prospect's concern was legitimate, because he was buying a house and planned to apply for a home loan.

I see the precise answer I need in one of your links!

I suspect that on market sales make up well over 50% of the total multifamily sales, but I'm going to dig into that to see what I can find.I actually pull my numbers manually (not through the pre-prepared TREND charts/data) from Settled properties on an annual basis.

New home builder stock charts.