The lower credit score & overall demographics, the higher the damages they cause.CAPEX: in our experience, most SFR investors figure this out when they get their property inspection while purchasing.

Of course there are exceptions but do you really think the vast majority of those paying for these courses are successful? 

**Valuing the land contribution:**     How do you typically credit land-as-equity in the capital stack (e.g., % of total project cost or “implied LP share”) when that’s all the family brings?

You’ll record that “sale” on LLC #1’s books — debit cash (from the refinance proceeds) and credit the property asset off your books.

But you do it, you take the call, to his credit he's always a friendly guy and decent to talk to which may be why you get sucked into thinking "well maybe this time.....". 

Many people feel excited when they view an apartment/property... then reality sets in and they have to fill out an application, submit financial docs, verify credit/income, etc.

I could offer great deals on flooring for anyone looking at saving on a major portion of a remodel. 

Once I got this banker on board he gave me a 3 mil line of credit to use on any project were i paid cash for the dirt.. so thats how we scaled. 

You don't own a majority of the house, as their shares equal yours.

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.