We consistently go in 5-7k over asking BUT we do typically build in 6% seller concessions into the contract.

Typically you get these on more institutional, bank loans, as opposed to hard money or private money.

I make up for it by having higher amount of liquidity and alternate income (outside of my paycheck) vs something tied up in a property that is my primary residence....1.2 is a good chunk outside of CA... you'd typically see something around 1-1.5% rents to purchase price and at the price point you'd be able to get a portfolio of multiple properties.  

@Jay Hinrichs How do you typically set up these bird dog monthly payments? 

Bedbugs are typically brought in by individuals.

. — Is it typical for a lender to know or not know which one they use?

Typically, your partner would also have equity. 

Is it typical to pay the same minimums for small apartment buildings?

you are wasting your time. a typical newbie mistake/goal....

Typically you'll get an excel spreadsheet and it gives you an opportunity to see how the building is really performing.