My siblings have spread out throughout the suburbs.

so 5% would be about 100 of our clients actually made the trip.One has to remember you lose an entire years cash flow each time you visit the market :)So if you buying multiple properties you can spread that somewhat.If one was going to go check out 4 or 5 markets it would cost 2 to 3 years of positive cash flow if you just bought one property.

Adding the 1-2 % transactional funding makes it even more expensive so just make sure you have a huge spread.

There is a big spread of acceptable ROIs posted on BP. 

I am looking at an opportunity:Single Family, Ask price $44,900 (projected purchase price of $40,000)Taxes, $1,400Rent $867/month (rented with long term tenant)Assumptions:5% vacancy10% maintenance5% reserveOh this would also be 100% financed long term with a private mortgage at 4.5%My analyzing spread sheet conservatively shows a cash flow of $4,100/year or $344/month.I really am not sure I want to putt the trigger on this one....My first deal (duplex) is projected to cash flow at almost 6K/year and I really didn't want to look at anything under 5k.I am new to this, but am I crazy? 

For my first deal, or for any deal for that matter, I will gladly take a $2k spread.

Personally i wouldn't touch a fix and flip under $75-$90k ARV (depending on the area). typically there just isnt enough spread for the "what ifs." 

@David Cook stated that if you send them out, the problem will just spread. 

I love talking about real estate and spreading my knowledge! 

.), Broker Fees, YSP "Yield Spread Premium", Title Costs, Government (State/Local) Costs and so forth.