One "piece of the 70% rule" is repair estimates.

Yes you have 1 roof (maybe), but you still have 2x the tenants and 2x the toilets and all the responsibility for the 3am phone calls....

Focus your market searches on keywords like "as-is" or "TLC" etc to get your listing down to what you are looking for.Know what your local lenders are willing to refi for after your repairs so you know what LTV to use.

So far I've done comps, still working on land comps and saw one phone call conducted by my boss.

My property manager handles minor events and I respond with decisions for major events such as a repair that exceeds $1K.

This helps distinguish between Capital Expenses and Repairs.  

It was a nominal amount of 729$...but for the sake of being fair I'm trying to gauge what the collective response would be.I agreed on listing the property for no fee (on the listing side) after repairs but ultimately my partners feel that the money from the buyers commission should be treated as profit to the LLC.  

I bought my newest home Sept 2017 with 3% down... paid for some repairs with cash for a total of $20k. 

Double check that is correct.You might want to reevaluate the amounts you are holding for CapEx and Repairs.  15% together is probably sufficient.  

The friend left his contact information but has not returned any phone calls.