When someone presents to "tap" Private-$ we want to do as little thinking as humanly possible, that's to say the burden is on you the proposed borrower to present a complete, detailed "pitch" outlining the allocation of every cent, contingencies, time-lines, data supporting each action item.

The 10% is probably for ordering items and being there when goods arrive, unboxing and removal of packing materials, assembling any furniture that needs it, placement and moving things around, putting up artwork, and washing new plates, silverware, cooking pans, coffee carafe, prewashing all sheets, towels, and linens etc. 

But for non owner occupants, not only do you pay 50% more than the owner occupants, you also pay the higher rate on these items that are not included.  

I have a great general contractor and agent that tours the homes, does the work, and finishes up punch list items.

Our current criteria are: no evictions, no bankruptcy, income 2.5x rent, max of 5 non-medical related collection items, and no collections related to unpaid rent or other past rental related obligations.

@Devan Dorzok  Lots of potential items:- How many units? 

Is there looming capital expense items that could eat up years of your cash flow.3. what about other regions/types of property.4.

There is some helpful items overall about eviction in this guide from MSU that I recommend you keep on hand as a helpful resource if you're going to self manage, but since the daughter is not on the lease, this guide doesn't directly address that issue.

Misc being replacing kitchen items, linens, etc etc. 

I mentioned all those items are mine and should not be hauled away.