It’s still something to pay attention to because if this is needed to sell homes and keep occ up then you need to be confident with the demand for your product in the market but it is not abnormal for this type of strategy in our industry, especially when a high volume of lots are being infilled and leased up quickly.

A quick distinction for @Mateusz Prawdzik and the others that like my plan.

I'm kind of a stats guy and like to see what the "average" guy is getting from the product.

OK buddy so your strategy is basically to expect all the professional salespersons to sell this product that you want sold as a premium high quality product with all these cool features, bla bla bla, for zero commission, when that comparable house 2 blocks away is offering 3%?

If they have some specialized product, that's awesome and great for them. 

But to make sure the tenants care for them properly, I provide a care guide with links to related Youtube videos and I product an initial bottle or kit of whatever is the proper care products - such as for hardwood floors, stainless steel appliances, glass top stoves, etc...

He means that some properties are not in financeable shape like there is no stove, the kitchens are ripped out, health & safety issues, mold, the bathroom is not operable, etc etc.203k is a rehab loan program for FHA that combines the rehab money and the 30 year fixed FHA loan component into one product.

Not sure what you mean here, I work with my management company to build the budgets and we do our best to capture any known future expenses.What was the average cap rate for a similar building.Average cap for similar product ranged between 6.0 to 7.0ThanksPaul 

There has to be a distinction drawn between the city and suburbs.

Understand loan products before making offers.