I see this is an older post (better late than never) Usually 1% of the purchase price is reasonable.

These markets often have lower competition and can offer higher cash flow potential.Midwest and Southern Markets: States like Ohio, Indiana, Tennessee, and Alabama often have lower property prices and can provide better cash flow opportunities, even with higher interest rates.Value-Add Properties: Focus on properties that need significant renovations or improvements.

If you had told me what I now know is overwhelmingly true, that somewhere between 80-85% of America's millionaires are self-made and do not become net-worth millionaires until they hit their fifties, I wouldn't have believed it, I would have thought there was some trick to the statistic.I know better now.

Also love @Patrick Allen's reply mentioning.(1) HELOCs on primaries are easier to obtain(2) High rates may make cash flow difficult unless there is a clear & compelling refi strategyItems I'll add from my seat.(1) Although rare we(Lower.com) offer HELOCs on investment properties, but the terms will always be better on primaries.(2) If you're moving into the next home, needing to only put ~5% down doesn't leave you very exposed to the higher rates of a HELOC.

The best part is, we really get to help this lady out of a bad situation, which for me is better than what we stand to make at the end of the day.So if you remember anything about this episode Im describing, please lmk!

It'll look way better.

Better to over estimate and keep working than to run out and have to stop , and then get more . 

@Karan Shah, I will say that what Michael has mentioned is a better choice.

Or is it better to apply for cards on your own?

@Priti GuptaYes, from an accounting and tax return preparation standpoint it is better to have a business bank account and a business credit card from the beginning if you plan on collecting rent.