So you're either expecting people with illegal guns to keep them outside off your property or wanting to cut your tenant pool by a significant percentage with zero upside.

Before we get to deep into things, we need to determine who will get paid a percentage of what and when. 

If I allowed credit/debit cards then I'm charged a fee and percentage.

This going rate is usually a percentage of market value but is not set in stone and depends on different factors.

As a percentage return you would be better off with an index fund, have way less risk and zero work.

I've been in multiple partnerships and the initial investment, capex, income, and distributions have always been based on the percentage of the investment each partner owns.It is difficult to provide a recommendation on operating reserve without knowing more details on the deal.

This is why when I started our property management company, I only do a flat management fee instead of a percentage.

@Steve Rozenberg As a fellow investor that utilizes a property management here in Texas I have yet to find one that didn't provide a percentage of monthly rents.

Currently looking at a townhouse property (technically a condo) where there's a solid return (~$350-400 in cash flow after all expenses/vacancy etc) but the issue I'm running into is that the underwriters won't approv...

@Tyler Barker I think its as simple as putting any money into real estate. i started calling myself an investor after i finished my first duplex and rented it out but during the process i kept alluding to saying it was like a hobby. my career as a whole is in real estate but the actual investment portion of it is only a percentage of my income but i do consider myself an investor because i put time and money into real estate whether its a buy and hold, flip, or partnership investment. when someone tells me theyre a real estate investor though, my mind automatically goes to landlord or flipper.