If Apartment A is a 2bed/1bath with washer/dryer and Apartment B is a 1bed/1bath with no washer/dryer, Apartment A should pay a higher rate.

Also, I have 3 property managers handling my various properties (location-driven) and pay all of them a % of rents in the 8-10% range.

Realeflow has additional AI software that uses billions of different data point to rate how motivated sellers may be.

Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

Let's say your total mortgage payment (PITI-A) is $3850.

The purpose of investing passively is to leverage a sponsor's time, expertise, and ability to source great deals, but your overall experience will be driven by the answers to all the questions above, so make sure to cover that in your vetting process.

I think any percentage is primarily supply and demand driven. 

Some have more niche markets, such as Dripping Springs and Driftwood which tend to be more venue event driven STRs.  

Not sure how your pay is structured or if it’s consistent (same number of miles driven on each check or does it vary?). 

It has been a mix bag on buyers taking advantage of the rate buy downs, heavily driven by price point.