Which scenario makes more sense, with $75K cash available:1) put $25K down on three separate SFR (in the mid-west) all priced at approx $100K each, that generate net cash flow of about $300 each = $900 total cash flow per month, or, 2) put the $75K down on one, nice $300K home, in a rapidly expanding market (LV, for example), in order to take advantage of the projected growth in the housing market over the next decade, even though there would be minimal, if any, cash flow while renting it out in the meantime. 

You also may need to do some projections as well.

There is one part of this project that has me stumped on rehab estimates though, the basement.

It may be right a "project". 

The lower percentage is for lager projects $10M +.

I didn’t pull any permits for this project, figured I’d jump in get going an ask for forgiveness later on this project since It was the first one and I was kinda feeling it out being the first one.

@Jeff Hsieh, thanks for sharing info about your potential project.

Good Afternoon bigger pockets,I'm looking for a good contractor referral for a new construction project in buffalo.

I was intrigued by this as these credit unions were providing commercial loans up to 80% of the projected appraised value.

Not saying you shouldnt worry about it but I dont think 10 year old rent data is particularly helpful in projecting future rents.