Broadly speaking, there are two types; offsite (like SFR, small apartments, etc) and onsite (large apartments with leasing offices on the property).For offsite, I usually see 8-10% of collected rents, half or all of late fees and 1/2 to all of the first month's rent. 

For our furnished MTR LLC, we use 53 Real Estate and Rental Leasing and subcode 531110 Lessors of Residential Buildings and Dwellings.All the best,Wes

Looking forward to connecting with investors alike and building meaningful relationships within the industry. 

A rehab having a structure to work with and having to build new structure will change the budget drastically .

Looking at all the options on Zillow Rentals it seems like there's a lot of places falling apart and landlords want their tenants to pay for everything (no washer/dryer included, lawn care not included, first $100 of any maintenance requests, etc).   

My 2nd duplex was a new build in Indiana. 

Land appreciates in value, buildings depreciate.

We did build a calculator for this. 

The heights recently underwent change in zoning, so investors/developers are beginning to pay more per lot to build.

As we all know, REI is a very powerful tool to building LONG TERM WEALTH.