It may even be higher than 5% depending on the area. 

Quote from @Christian Pichardo: Hey all,I have been listening to Bigger Pockets content for maybe 4 years and finally have removed myself from some side hustles, have the capital, and grew the...brains to start real estate investing.QUICK BIO:I am based in New Jersey, I work as a marketing/efficiency consultant, and have 2 avenues of real estate investing:Short-Term Rentals: I have 3 short-term rentals using my parents apts in NJ ( 1 of them just launched in Nov) for the past 2yrs near NYC (1 of them just launched in mid-Nov).

Maybe even a B depending on how you're feeling that day.

.: Hey everyone,I’m diving into the world of out-of-state real estate investing and couldn’t be more excited (and maybe a little nervous).

Hey Ahmed, welcome to the BP community.Wishing you the best on your real estate journey.Cheers!

I owned real estate before but lost it all in the GFC. 

Picking the right agent is key because, let’s be real, everyone sounds great until it’s time to deliver.

@Jared Smith it depends is pretty spot on!!!  

It depends if the downstairs is permitted as an ADU, zoning, and what municipality it's located in.

However, just as a new real estate agent/broker will acquire a solid basic education in real estate principles, real estate law and real estate finance by studying and taking classes for the licensing exam, other careerists will have two legs up by spending time acquiring knowledge before embarking on paid working career.