A basic but great formula to figure out what you should be offering on these properties is just a flat percentage of whatever the highest ARV is.

Only issue is rates are higher and they’re giving out a slightly lower percentage of the appraised value but still moving forward.

Banks have rules and requirements related to the percentage of a loan that can be charged in fees, which equates to minimum loan amounts.

Vacancy usually expressed as a percentage.

You'll be in the red after accounting for vacancy, repairs, CapEx, management, taxes, and insurance.With a BRRRR you can push to 75% of ARV, if the deal is otherwise solid.Don't get hung up on what percentage of the asking price you're offering.

I would think that areas with larger than average amount of STRs would be at greater risk of RE depreciation than areas with a smaller percentage of STR properties.The one item that, more than any other item, has made investing in San Diego RE (appreciation) a smart investment is IMO almost certainly not going to be present in the short term.

An attorney can help you think through such things as:The percentage of ownership of each partnerHow profits and losses will be allocatedA decision making process – As I mentioned earlier, this is especially critical because each partner is able to bind the partnership in a contract making each partner personally responsible for that obligation.What happens in the event of a partner’s deathHow disputes will be resolved – This is another critical piece.

Often times these restrictions include only allowing a small percentage of rentals or in some cases restrictions on what can occupy a space when it’s a mixed use community.

Also if you are a disabled veteran, I think any percentage TX gives a discount on property taxes.

Percentages are more important than actual numbers here.