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.

(Loan App, ID, Bank Statements, Entity Docs, Leases, Experience, Credit and Background Reports, Third Party Title and Insurance contact info) Once reviewed and all documents have been clarified, submit to the lender. 2.

It also has a bunch of really unique benefits/tools for your rental portfolio (Lease Indication Tool, Expense Tracking, Maintenance Requests, Rent Collection, Tenant Communication, etc.) in one central place.

We used to own all of our houses but are about 50/50 lease vs. own, mainly because leasing allows us to move faster when opening additional houses. 

You can also collect rent, upload leases, and use their high-yield banking—all in one spot.It’s free to use, which is a big bonus compared to QuickBooks, and much more intuitive if you’re focused on rental-specific finances.Definitely worth a look as you build out your portfolio!

This could be a construction loan from a local bank or credit union, possibly combined with permanent financing once the building is leased up. 

Purchase price: $132,000 Sale price: $424,000We acquired a 3-bed, 2-bath rental leasing for $1,300/month on an oversized lot near campus.

The "so what" of this is that we evict less than 0.5% of the tenants that we place.Leasing Performance: We track Days on Market for every unit and hold our leasing team accountable to strict timelines.

If the appliances fail, you are bound by the lease to replace them and continue providing that amenity as part of the tenancy.I rent the appliances separately to the tenants (I buy them used) for $70/mo. for the pair or they can supply their own. 

I've used Zillow Property Management for listing, background and credit checks (potential tenant pays for), leases, and rent collection.