I think 15% is reasonable if I am not charging property management fees, but is it also reasonable for finding the properties (working through multiple realtors), performing the due diligence, and project managing the rehab - or is 10% more appropriate, and then charge a fee for Management down the line. 

The mansion across the street has been converted into multiple rentals.  

Now you are dealing with multiple PM's, various tenant courts, etc. 

he lied on the sellers disclosure multiple times.

There are multiple locks on each chain.

BiggerPockets is a great way to vet people, but until you get to know them in person, they are just pictures on the web.Also in my opinion and the people that I've met: the people who can help you the most, are people who do multiple strategies.

I have multiple SFR in class A/B.

what I love about this is all the up front, real world expense, resulting noi info. it helps all of us to then understand what really happens. even if you have done multiple deals for many years, none of us knows it all and it is great to share notes.thank you all!

If I was going to buy multiples, I would buy in Spokane.  

@Barbara G.In my opinion it is very different than a traditional(albeit, long) flip.As a few people have alluded to, flips have(or should have) a timeline, budget, and multiple exit strategies established BEFORE the project starts.