I'd be concerned that a sponsor who isn't making any money because of no fees and can't scale because of the mountain of capital needed to buy assets all cash wouldn't last long and I'd be stuck dealing with the aftermath myself, which isn't why I invest passively.7. 

Quote from @Assaf Hazan: I would really look at days on market in that area, and take 4-5 comps you are eyeing as your solid ones to sell the home at (the ARV).

Just sold my last Chicago property in May..

I have also been in the federal sector for nearly 15 years and am now wanting to build a portfolio for long-term (supplemental) income and early retirement.• I have research in various area such as Memphis, Cleveland, St.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

My focus is on long-term, buy-and-hold rental properties in Class B and above neighborhoods.

What is a deal also is relative in the eyes of the buyer.

Are there any events that I should keep an eye out for?  

I believe now, you will be fine as long as your current comps justify your purchase.

You want it clean and not an assault on the eyes.