At the moment, I am a little low on start-up capital but can provide all the construction, rehab and management.

You budget for maintenance but not for Capex?  

Especially while rates are still so low. 

Most of the legit TK providers in our market do not sell homes this low.

They'd laugh me right out of the office because there is a very low percentage of buyers who are purchasing single family for investments and a high percentage that are purchasing a home to live in.

, so while it is nice to be boots on the ground, it isn't always necessary as long as you are investing in quality properties (ie not low-tier C/D /distressed properties which really do require that you be hands-on) and have a team you trust.

The twist is that they are putting out a bunch of low ball offers to determine sellers' motivation.  

Occupancy has improved a lot since then. 5% actual with 5% economic might be more realistic for 2016. incremental rent growth after the property is stable is 2%I think we can safely assume a 3% growth rate going forward due to high demand and low supply (depends on your area). 

Our Vacancy across the state is really low, and in certain cities it's lower than state wide. 

I have a few new properties and am looking into buying more but want to know from people that have been doing this for 5, 10, 15,20 years how much on average they have spent on maintenance/capex each month or year.