For me, I knew I wanted a tool that would be as automated as possible, something standardized I could outsource eventually, and something that could track different "pots" of money within one account so I could track saved money for repairs, CapEx, vacancy, etc within one savings account and even break those savings out by property.

We are building a small boat and RV storage facility.

Is this an industry standard?

Did you consider the CAP and vacancy rates in comparison to the submarket or did you set your own standards?

5k is pretty standard in south florida from what I have worked with. 10k is a little bit high but that speaks to the current market, not so far out of the norm IMO, they are basically saying they want somebody serious

@Sherry Varg $50k minimum is pretty standard, but you'll sometimes see $25k or $100k.

What does actually matter is that Realtors, including in all probability the listing agent of your dream house, think that FHA loans have these crazy absurd property standards making it impossible to close, or close on time, in 100% of cases. 

If so, you can probably drop the 20 day contingency but if not you definitely need it...Are you using a standard contract or your own?

I am having trouble because it seems unlikely I can find something meeting the standard BP numbers of 1% rent and 10-12% cap (Turner's recommended cap, I believe).

Is 30% down a standard down payment for commercial properties.Listing Price: $395,000Type: 6-Unit Multi-familyLocation: TennesseeGross Monthly Rents: $600/unitAnnual NOI: $21,600Down Payment: $118,500Rehab: $50,000Closing Costs: $10,000Total Cash Investment: $178,500