Depending on how much management you are going to use it will range anywhere from 0 to 30% and then you need to figure out which expenses are variable to usage (e.g. electricity, gas, etc.) and those that are static (e.g cable, internet, etc). 

I understand that 76% LTV is a good marketable note and there are probably a multitude of variables as well. 

What math is used to factor in the variable interest rates of a HELOC to make sure the numbers work?

@Nicholas BradyDepends on way too many variables (type of degree, cost to get degree, if the degree gets your foot in the door somewhere, etc., etc.).

Also, maintenance and cap ex is highly variable.

Can't possibly be answered, as there are too many variables at work, but if you've got an attractive space in a great location with excellent photographs and a low entry price, it shouldn't be long - and then you can raise your price as the 5-star reviews roll in.I hope this helps!  

However, I'm concerned that if we do go to court that the eviction would get thrown out because I didn't prevent the water from being shut off.I don't know if I want to add water to the rent since it is a variable cost but its not a bad idea.  

Variables when determining the percentage are below:age of homecondition of homestar rating of communitybusiness model of operator Again, please speak with an attorney regarding any of the aforementioned info.

Less so if you buy below market.You face a couple of other variables.

I am curious exactly how they did this as the variables in price is near infinite.