We do place this information in our marketing so we're transparent on expectations but that way if 2 of the 3 can financially qualify on their own and have good credit, the third may be a bit of a risk but at least the other 2 are in good standing.

Hello BP Community! New investor from Clayton NY.  Right in the heart of the 1000 islands (Yes just like the salad dressing!)  I am currently employed in retail sales and am very excited to start my real estate invest...

@Sharad BagriIn my market in Northern Nevada Reno market and in my experience working with clients none of them are accredited investors.

Took this over from original owners at severe under market rents.

I'm talking to a few about eventually looking at long term rentals as the STR market seems to be pricing the locals out of the buying market.  

Contacted and agent from Zillow in the Austin, Texas market and they suggested the area.

And often the improvements to be made are raising rents to market.

There is a possibility I can get 3 houses for under 10k each but they aren't for sale and I would have to direct market to the owners.

That being said in any market you will want to do your homework and make good connections. 

There are "rules of thumb" to operate by, but they are general guides that change with time and definitely change with markets.