It really depends on your comfort level.

The first 11 properties were all 100% financed in one way or another, because I did not have any money and had just started a new entry level low paying job.

Acquisition Fee: biggest driver I see (and apparently all institutions too) is level of acquisition fee.  2% or less is ideal. 

@Ben Daniel you're really just glossing over the questions I asked.There's a big difference between #'s 2 & 3 - which you can use to better ID problems.If you're not willing to put the time into researching proper answers and digging even deeper into the numbers, then you'll just have to live with your problems - or just sell.

Everyone has a different threshold, but the best approach is sticking with the level of leverage that makes you feel comfortable and secure at the end of the day.

Those averages are helpful for context, but at the deal level, the other components I mentioned are what really drive the outcome.

It’s frustrating, especially when it puts a legitimate deal (and time) at risk.This is exactly why having a solid checklist, legal review, and lender who knows how to dig deeper is so important.

For operating risk, a common starting point is three to six months of fixed expenses at the property level—property taxes, insurance, utilities you’re responsible for, management, and a prudent maintenance buffer.

Would love to hear more about:-How you navigate IL licensing/zoning for smaller homes-Your staffing model + care levels (memory care?)

Twilight/Sunset ShotWhy it works: Creates emotion and sets the mood.How to nail it: Capture both ground-level and drone shots to showcase landscaping and lighting.Example: This listing2.