However if you get fed up with all the nonsense of all the varying TN taxes, sign up with Avalara to do them for you.  

@Matthew Wright this varies by state laws, but in my state, it’s late fee after the 5th and file for eviction on the 15th.

Comps on the area are difficult to asses and vary significantly from west vs east side of Lamar Ave. 

What are some average (I know it varies state to state and market to market) expense percentages I can expect to see?

It depends on the specific lender that you are working with and their criteria.So if you have an ARV of 350k and your total costs including purchase and a 25k Rehab came out to 245k You would need 24.5k plus closing costs and reserves -(This is where the numbers can Vary) I would say always have at least 15% to 20% of your total costs when searching for a Fix and Flip loan product. 

Rents vary, but for a 2 bed condo, you can get $1050-1400 a month. 

If you include on your closing statements (which vary state to state - HUD-1/ALTA statement ) the renovation costs - and have them charged at closing......

Know your market, for example in San Antonio there are plenty of multi-family opportunities with varying quality of neighborhoods.  

I would expect that these explanations can vary pretty significantly when described by someone who is just starting out vs. someone who has a few notes under their belt, to someone who has scaled their business; the more responses the better!

Caps rates will vary by submarket, asset class, and stabilized versus value-add asset.Value for properties under 5 units will be determined by the comps.