Hi all- I may have interest in the long term of converting a primary residence to a rental. With an area having a 10% restriction limit on amount of properties that may be approved to rent, would you recommend not pur...

I'd ask each agent what percentage of their business comes from investors.

If you want to make an offer before the contract is fulfilled, this person will be paid a certain percentage of the sale, on the day of close, if things are typical.

What are your opinions on percentage put down on primary residence?

@Jordan Meyer when assessing OOS markets, you should look at the current population, population growth rate, median sell price, median property values, median household income, unemployment rate percentage, etc.

If the returns are within a few percentage points but one is going to take a lot more of your time then you should be sure to account for that cost.Another thing to factor in is the predictability of your projections.

You could either ask for a reasonable fee or a small percentage in the project if they decide it is a viable piece of property. 

Being conservative, you can also only upgrade a percentage of your units and keep some at their current rates.

@Leo Chun I'd start with a number in mind that you'd like to achieve on a percentage return basis then start analyzing properties in various cities you might want to invest in and see where the numbers roughly pencil out to, then reassess at that point. 

We're a little wary of California's great investment opportunities as the market seems inflated and the percentages seem lower generally but surely there's opportunity.