Some investors may use different percentages based on their risk tolerance and market knowledge.

If the investor's opening bid is the only bid, then that is the market speaking regarding the value of the house being no more than the liens.

If you come across off-market deals and we're still not connected, please shoot me a message.

Im a South Shore guy and the market here is nuts right now. 

@Jagan Reddy Welcome to the Memphis market!

Be aware that it is a hot market in PR (still hot) and sellers shy away from offers that are not all cash. 

I do not know if your area has any rules against this for SFR but what we have done in the past from a marketing POV is to only bill 75% of the cost so that the tenant feels that they are getting a better deal than individual meters.

You should always raise your rent if your market supports it.

Hey @Noah Yashinsky, South Florida is more of an appreciating market rather than a cash flow market for long-term rentals.

As a hard money lender specializing in fix and flip deals, I can offer some insights on choosing the best lender for newcomers to the fix and flip market:1.