It is not uncommon here to see condos that require carpet, or a certain percentage of the floors to be covered with area rugs.  

What percentage of your total assets should go towards a down payment for deal #1?

I am thinking to open a third LLC which I would own 100% of and have my percentage of the income from the other two flow this one.

But that's a small percentage of people entering the trades. 

I have vetted several managers and am going with one that just takes a flat percentage of the rent, charges for maintenance repairs either from within or picks up a vendor, and there are no upcharges or service fees.The warranty is a standard one and will cost me less than $100 per month on a fourplex and about $95 per call out and repair.Just seeing if anyone has had a similar situation.

If he's driving for dollars he can text me an address and I can give him a lot of info virtually immediately before he's done doing a walk around...A percentage would certainly be nice, though I know it takes kissing a lot of frogs before you find a prince, so to speak, so I'm inclined to ask for a per file price as well. 

Usually for an additional equity percentage of 5 to 10% above what they are already getting but it varies deal to deal. 

Owners of duplexes, like quads, are mostly NC at 93.7%, with CA and GA (1.8%, 0.7% respectively) followed by smaller percentages in other states. 

And obviously they wouldn’t be owner occupancy for tax season anymore so I’m trying to work that new percentage into why we would be a good choice for selling to.The comps on similar properties are anywhere from $350-$400,000.

So every extra payment you make lowers the balance and the next months interest is calculated as a percentage of the previous months ending balance.