A set price per unit doesn't make sense to me because the finishes in a C class unit in a modest market versus a B class unit in a more upscale market could be MILES apart and cost VERY different amounts to repair/replace. 3.

However if you want to generate more cash flow putting 15% down will help you because not only is it a lower montly payment but when you hit 20% equity they will remove your PMI.If you put down 5% I would stronly encourage you living in the Airbnb if possible and renting out the home so you can generate even more incomeIf you look at it like this it'll helpMonthly payment < Potential income + current rentIf you can move and reduce your cost of living that is always great at the bare minimum they should equal each other in my opinion because at least you'll have equity if the market you are choosing is a strong equity market.

My impression is their students have a decent beginner level understanding of how to market and ask general questions of potential note sellers.

If the investor's opening bid is the only bid, then that is the market speaking regarding the value of the house being no more than the liens.

Some investors may use different percentages based on their risk tolerance and market knowledge.

Quote from @Cesar Garcia: So I'm thinking of purchasing a house out of state since my hometown market doesn't make much sense to purchase in. 

I do not know if your area has any rules against this for SFR but what we have done in the past from a marketing POV is to only bill 75% of the cost so that the tenant feels that they are getting a better deal than individual meters.

@Jagan Reddy Welcome to the Memphis market!

If you come across off-market deals and we're still not connected, please shoot me a message.

Be aware that it is a hot market in PR (still hot) and sellers shy away from offers that are not all cash.