Maybe closer to 5% for just the balance sheet and adjust upward for any capital or experience you bring, the risk of the project, etc.Non-recourse carveouts can also get big enough that the line between recourse and non-recourse is blurred so that's also a factor to pay attention to. 

What kept me from buying my first property earlier was that for me… the more I educated myself, the more I realized that there are a lot of factors that you need to consider IF you want to execute a-z process yourself (looking for properties yourself, hiring an agent, finding contractors, rehabbing, etc.).

Who knows what the outer factors will be within that term (Government power)?

So factor that into your thoughts.If you like to read, try property management for dummies.Good Luck!

I've never done it personally, but talking to folks that have, it seems like it would be around the same price to refinish them versus putting down laminate or vinyl plank (especially factoring in install labor).

We are currently looking for REI in mainly Marion County, FL (Ocala) and Cape Coral, FL but are open to other areas as well as where we live in Broward ($$ usually the prohibiting factor). 

I want to know how influential of a factor that is for sellers and if there is anything else I can provide to compete with cash buyers that might be in at a higher price point than me.

I want to know how influential of a factor that is for sellers and if there is anything else I can provide to compete with cash buyers that might be in at a higher price point than me.

But I also need to add other expenses on top of the mortgage like the fee of the rental management company, insurance, tax, vacancy factor, so all in all it comes with negative cash flow, and seeing negative cash flow I started rejecting the property upfront, which I think probably a not good idea considering the current market and those areas where real estate is hot.

With your first property being a owner occupied, you will be limited to areas you want to actually live and work in, so it seems that will likely be the driving factor of what city your first investment property is in.