I think when one is starting out, you want to go lower than competition, but not so low that you attract the wrong crowd, so that you can build momentum and reviews.  

You have to live somewhere.You may need to lower your return or cashflow expectations so you can get into a house hack that will allow you to avoid throwing rent money away every month.

Make lower yield but invest in B plus area when investing out of state and always take your PM advice before you invest.Once you select a city, go and interview some prospective PMs for advice.

You could even ask an experienced wholesaler to look it over.I agree, but I think a lower percentage than 5% would know what to do investing and remodeling.

In both of these markets crime is much higher on the East side of the river, but prices are lower. 

I'm considering going to the bank and being completely transparent to ask for an increase in the rehab loan, but they have a much more conservative ARV in their appraisal based on much lower projected rents ($1,400 avg vs the $2,000 avg we're actually getting on the finished units), so I'd have to convince them of the higher ARV.  

then you can represent your self in your transactions and then add up all these other activities.

However, you may lose favorable financing terms, established cash flow, and incur transaction costs.

He puts your tenant's tears on his hot dogs after he raises their rent. haha, love it mate.Believe it not, our rents are priced a bit lower than other PM's in the market.I guess that's why we keep vacancy across the book at 5% or less with only a few evictions each month if that.Thanks for the mention amigo

The bigger the rehab the lower the competition usually.