It depends on grade of property but would never recommend going over 10%.

I recommend connecting with an investor-friendly lender that can give you an idea of what you will be able to afford based on your DTI, credit score, and current income & assets.

I recommend spending a little time on goals and a lot more time on systems/processes (analyze X markets, Y properties, offer on Z opportunities, etc.).

I highly recommend this for newlyweds or if you are engaged.

I do not recommend putting cameras on the property.

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best

Please keep in mind that we do not want recommendations for strategies involving financing, as we want to get some core holdings that produce immediate cash flow and not have that NOI reduced by loans at current rates in light of the current cap rates.Also, just FYI, we are in California and no way to get around that residency in time to reduce state taxes.

My buddy does dozens of renos out there, happy to recommend.  

Once you have a modern system I highly recommend the Honeywell 9000 series wifi thermostats!

My recommendations would be to re-evaluate the price point and make sure it matches other properties nearby.