You haven't discussed the condition of the property, repairs, and future capex.

No, all the funding is being provided by the private lender.Apparently, the way this works is the DLBA allows the sale under specific conditions, including that the property be renovated to a certain standard within a set period of time.If these conditions aren't met, the DLBA can effectively step in and take back the property.Or, at least, that's my understanding.Anyone have any experience with this?

3) Potential damages occupant will do in retaliation for being evictedRecommend visiting the property and talking your way into it (do NOT tell them YOU are a potential buyer - you only work for that "person") to VIDEO (for future documentation) the interior for its condition and then use this as an oppotunity to chat with the occupant to learn why they are there and why won't they leave.

Did you get a move-in condition checklist at purchase?  

Prioritize reliability over rates — pick lenders who close on time, not just quote low.Pad your timelines — plan 45–60 days for financed closings, and keep a private or bridge backup ready.Structure dual offers — one clean cash option for speed, one financed offer with conservative numbers; pivot to creative terms if needed.Start funding early — build lender and private-money conversations before the deal, not after.Stay ready and disciplined — keep docs prepped, underwrite at current rates, and stick to your buy box to avoid chasing marginal deals.Audit your bottleneck — figure out what’s slowing you down most: capital, timelines, or deal conditions—and solve that first.

An in-house team allows us to work on a rolling backlog of non-emergency repairs such as seasonal work while responding to tenant requests and performing yearly inspections, which helps us get ahead of potential issues and keep an eye on the condition of each property. 

We vet partners carefully, Some of the main things we look at; Sponsor/operator track record, Clear / realistic business plans, Market conditions, location, and we even ask about deals gone wrong and how they were overcome.

Not disrespectfully, but I did my own analysis based on actual condition, actual rents, actual market data.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

The extra diligence upfront saves a lot of stress later.Get everything in writing — use a solid lease template (there are great state-specific ones online) and document all move-in/move-out conditions with photos.Separate your finances early — open a dedicated rental account so income and expenses don’t mix with personal funds.