Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

That's because adding nonaccredited investors to a fund *legally* often requires mega-amounts of disclosure which typically can cost "easily in excess of $50,000/year".

It's tougher to get ahold of homeowners because of marketing laws and their data isn't typically public. 

I’ve seen it thrown around a lot, but honestly, it seems kind of arbitrary sometimes.What elements are typically considered when calculating ARV?

Buying performing or non-performing notes directly from banks has really caught my attention.For those who’ve done it, I’d love to hear your perspective on a few things:Which bank department typically handles note sales?

People with 680+ credit scores typically don't destroy your buildings and I have never had a eviction or even a late payment notice needed.

But, typically it is all of these pulled together. 

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

If theyre youre typical "what's your most competitive rate" shopper types, I typically just say that it will be between 5 and 10 and I wont know more without a complete application (which is honestly the truth anyways). 

A relatively poor city, the typical household in Bridgeport earns just $44,841 a year, and more than one in every five city residents live below the poverty line.