I used 7% across the board for Capex/Repairs/and Vacancy. 

I suggest: Do all you can to make sure your Loan Officer is on board with your plan, and, try to ensure that the properties you buy can easily justify getting all your outlay back (even though they're only lending 70-75% ARV), and voila!

The last one is key because they think you'll be leaving them a 5 star as well.

That's the key to building wealth. 

I think it can be a win-win for everyone if you do everything properly and above board.

I was asked to be a part of the HOA board of a town house I own. 

Good luck and keep active on the board. 

I am happy to connect you should you want to speak to live humans who are our investors instead of scouring internet blog boards.

But the key is a team.

Finding a reputable turn key company in the Midwest might be the way to go for what you are looking to do.