Just not something that can easily be handled in a secondary market environment.

Enrique, this is an excellent breakdown — vacancy is easily overlooked as a cost, but it’s huge when it happens.A couple thoughts from my experience:Marketing + automation: Using professional photography, 3D tours, and multi-platform posting really does cut days on market.

It could easily pay our mortgage payment. 

Proper management is crucial because this population has high-turnover and can easily damage a property without proper oversight (that's where the qualified staff come in). 

I hope I’m doing this correctly this time 😭Nope—ownership contacted me personally and let me know they’d rearranged some things in management because of a couple of negative experiences, mine being one of them.

You want the cash available at a moment’s notice for a furnace, roof, or vacancy; I hope this helps you a bit in either case it's a good problem to have just make sure you can easily access your funds (liquidity), I sent you a DM on BP and hope you can assist. 

That means they should EASILY have a list of 10+ insurance companies that meet their requirement.

Carpet gets stained and dirty very easily and I would hate having to clean or replace carpet for every tenant move out.

On the other hand, you can jump in to MTRs and LTRs very passively and easily, just find a savvy agent and hire a property manager.

Make sure the after-repair value easily covers purchase, rehab, and carrying costs, and leave room if rates rise or the project runs long.