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.

Hopefully, you find it helpful and qualifies us to assist you with your goals:)---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Unfortunately, more times than not, I have found realtors more of an impediment to the process than anything, although they are typically punctual at the closing when they receive their commission check.  

I do DSCR loans every month, and prepayment penalties are very common. 5-4-3-2-1 is what typically makes the most sense, but like everyone on this thread is saying, the more forgiving penalty, the worse the interest rate.

On top of that, you’ll typically need general liability coverage to protect against accidents or injuries on site.

Typically, you just need to have the company name and office address of the PM company to add them to your insurance policy--pretty simple process if your insurance company is any decent.  

Typically do not see crossover between tax lien and note investors.

On the balance sheet, the book value is typically what the original property was acquired for, splitting out land and improvements.

Michael - I don't have specific recommendations based on name, SKU, etc.. but my thoughts are:- Flooring: LVP, typically around $3 per foot for materials, plus labor.- Backsplash: Subway tile with grey grout.

Return)Unlike rentals that yield slow returns over years, this is a short-term flip.The annualized return (if completed in under 12 months) is 55.02%, which beats stock market averages or typical rental yields.4.