If the tenant and lease terms are acceptable, then financing 60% of appraised value should be achievable, even if that loan amount represents a higher percentage of your cost.

What percentage returns do hard money lenders usually take before they distribute back to their investors?

Obviously you've got to be zoned appropriately, and there are other smaller factors too.So my plan is to convert the building, rent it to a caterer for a somewhat smaller monthly rent, but get a percentage of bookings.Anybody have any experience or thoughts on this?

What percentage of tenants do you have to evict?

I didn't realize that only a percentage of the rental income is taken into account (spoke with my broker yesterday). 

For my last vacancy, Facebook Marketplace was the winner for getting the most hits and highest percentage of people actually interested. 

If the unit is really nice it should rent as easily.I'm in general against the percentage approach.

Any suggestions on what percentage of the rent would we put aside for the emergencies/repairs?

Does anybody know of a website or app to determine rental percentages in certain areas?

Does any BP'ers living in these areas, see this info as jiving with their local analysis.  10 Cities In Danger Of A Housing Crash This YearBy Jade Scipioni Published April 08, 2019 With Manhattan real estate reporting its longest losing streak in 30 years, and its worst first quarter since the financial crisis, according to Douglas Elliman, it’s no surprise that many cities around the country are in danger of a housing crash this year.According to a new report released Monday, more than 40 U.S. cities are nipping at the heels of a potential housing crisis especially in “old” Northeast and Midwest cities.To determine which areas are heading toward a housing crisis, GoBankingRates.com analyzed data on 175 of the largest U.S. cities.Researchers then used key factors, including the percentage of homes with mortgages with negative equity (also known as “underwater”), meaning the home is currently worth less than the total cost of the mortgage, along with city’s mortgage delinquency rate from Zillow’s February 2019 index.Additionally, the personal finance website calculated each area’s homeowner vacancy rate and rental rate using data from the Census Bureau’s 2017 American Community Survey combined with foreclosure rates from RealtyTrac.To make the list, cities had to have rates of negative equity in excess of 8.2 percent, which is the current the U.S. national average rate of homes “underwater.”Here are the top 10 cities in the most danger of a housing crash this year. 1.