What is the average occupancy rate for the properties you manage?

The purchase price is right and the seller has an assumable mortgage in place at a very good rate.

It kind of depends on your definition. 

No.  10% - 20% (depending in various criteria) will need to be supplied. 

As an out-of-state investor I hoped for 2/3 of it, which is roughly the average cap rate OCF delivers.)

Evaluate prope­rties carefully - cash flow, cap rates, de­mand.

Depending on strategy I would rank them as followsFix and Flip: VB (I would focus on higher end Flips with bigger returns), Chesapeake (mixed but most opportunity for higher end Flips), Norfolk (lower end and older homes to me = more headaches), Suffolk, Newport News. 

The headache of a getting a tenant out that refuses to leave is dependent on your state laws.

Factors such as rising interest rates and an influx of new apartment units have contributed to challenging conditions.

Real estate taxes vary depending on location and property type, but they typically fund local services like schools, roads, and emergency services.