If you're looking in the south-side, you should definitely be able to cash flow on deals assuming that you can upgrade the units and increase the rents.

🎉 The 20% is just a rough average  properties with more “stuff” that can be broken out (landscaping, parking, appliances, built-ins, pool, etc.) can push closer to 30–40%.

Can you support not having a tenant for say 18 months, plus upgrading the property for the next tenant, beyond just the purchase cost of the property for say $200,000?

Make necessary repairs and upgrades to pass the inspection.

Like the broken couch frame.We have nice composite rocking chairs that get broke.

A few things to keep in mind:Appraisers weigh comps more heavily than upgrades.

What usually matters most is the timing, the builder’s situation, and the agent’s willingness to push.Here’s what I’d look for:Track record with new buildsAsk the agent how many new construction deals they’ve done in the past year and in which neighborhoods.A good one will rattle off recent closings, average discounts, and which builders were flexible.Builder relationshipsSome agents know which builders offer incentives (closing costs, upgrades, price cuts) because they work with them often.They’ll know if a builder has inventory sitting and is motivated to move it.Timing of the purchaseEnd of the quarter or fiscal year = builders are more likely to cut deals to hit sales numbers.Homes already finished and sitting = best discounts because carrying costs hurt the builder.How to spot a strong negotiatorThey’ll talk about strategy—not just “I’ll ask for a discount.”

Tenantcloud is definitely more comprehensive and has more up-gradable features via reports and such, but the customer service experience is lacking.

Hey Stephanie,We’ve managed rentals where owners did exactly what you’re describing—getting tenants in quickly while finishing upgrades in stages—so here’s what we’ve learned works best:1.

Photos showing upgrades and low maintenance features also catch my eye.