Check out this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyMake sure you understand the Class of properties you are looking at and the corresponding results to expect.

Someone from TX please check me on this, but I think John has screwed himself.

I have a linkden but again only check it once in a blue moon . 

I usually put it into AirDNA and examine the comps (not the algo number), and then click the actual comps and check the calendars/pricing to support the AirDNA (premium) findings.

If you're looking to build experience or passive exposure while you scale, check out my SparkRental Co-Investing Club, great way to learn, connect, and grow alongside others doing the same.

Estimating true rental income (not list rent).Modeling taxes, insurance, maintenance, and financing.Stress-testing downside (vacancy, rent drops, expense shocks).Checking neighborhood/school data and comps.Deciding which 1–2 deals are worth a deep dive.What I’m prototyping:      Insert your loan info/expensesGet an instant financial breakdown: rent model, taxes, insurance, cash flow, cap rate, DSCR.Adjust assumptions in seconds (rates, taxes, repairs, PM, vacancy).Data confidence score so you know when numbers are strong vs. thin.Market/Neighborhood snapshot (sales/rent comps, schools).Roadmap: Section 8 insights + an Agent Portal for shared underwriting.Where I need your feedback:What’s the first number you trust to decide “pass vs. proceed”?

Check out this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyMake sure you understand the Class of properties you are looking at and the corresponding results to expect.Metro Detroit has 132 cities, the City of Detroit 183 Neighborhoods, which we’re analyzing and classifying.Horror Stories from those that did NOT Understand What they were Buying:https://www.biggerpockets.com/forums/48/topics/1137397-baltimore-a-path-to-never-ending-painhttps://www.biggerpockets.com/forums/432/topics/1231840-sell-at-a-loss-or-rent-at-a-losshttps://www.biggerpockets.com/forums/311/topics/840134-memphis-turnkey-tenant-turnover-costshttps://www.biggerpockets.com/forums/963/topics/1195280-experience-of-oos-investing-in-cleveland-after-15-years

These attract travel nurses, remote workers, and digital nomads — fewer turnovers but still better profit than a yearly lease.Stay compliant while you adjust.If you decide to rent long-term or mid-term, check whether your STR license or tax registration allows it.

Are you keeping each room a single --- just double check zoning you don't max out occupancy or become categorized as a hotel. 

Quote from @C Rutherford: It really depends on how you are going to do it, but to be honest there are many people that take different ways of accepting a check, payment, or anything that is not normal for property management/owning a rental.