That said, there's no way to answer this question as every situation is different and customized to the individual characteristics of the property and owner.Make a relationship with an agent/agency that represents you.

Hi Stuart, I own multiple doors in Detroit and Memphis.

I want to calculate it as a percentage of the purchase price that I can apply to different properties with different situations.

Hi Julian, My business partner and I attempted multiple times to purchase a block of properties in Vine City.

I am in a similar situation and went ahead and bought my first rental property.

Hello @Matthew Murray,Thanks for sharing your situation.

These pay by the bed , with multiple beds to a room.I can recommend a few other places around our investors are buying in the 500k-550k, such as Citrus Heights and Rosemont that would be a great area for a Sober Living. 

In that case, I suggest talking with a short-term rental lender and figuring out their requirements before you get into a tricky situation down the road and cannot secure financing for this. 

Pick one that is commenting on your specific situation and DM them.

I'm trying to determine the best fit for my situation and would greatly appreciate insights from your experiences and advice.