@Marc ShinIf you’re buying tenant occupied, make sure you get a copy of the lease, rent history, security deposit info, and a move in condition ifno as part of your due diligence. 

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met, and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.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.

September and October are the absolute best months (weather wise) in San Diego and our occupancy is 12%.

To find the best loan terms, request term sheets from several lenders, these documents contain all the key details you need, such as interest rates, fees, and conditions.

You can start by comparing recent sales of homes with similar house size and condition, but with varying lot sizes, to get a rough sense of what buyers are actually paying for the extra land.In your case, with a half-acre lot surrounded by larger ones, I’d suggest being conservative with your ARV estimate, maybe trimming it slightly unless you see clear evidence that lot size hasn’t mattered in recent sales.

heheI miss the Midwest's "simple" mentality of my common folks.Even tho, as you mentioned the weather can get brutal.It's always a tough gig to do deals from afar unless buying turnkey.Even then, turnkey is not worth it unless the portfolio is big.As soon as you can, move to the market you want to invest in and with time you might become "institutionalized" to it just like I did with Toledo hahaI put Ohio Cashflow on the back burner 3 years ago as I got burnt out on working with investors lolWe only sell from time to time to our existing book of business and if I like the specific investor hahaI list most deals on the MLS and once sold, I clean my hands.No need to babysit the never satisfied and disgruntled landlords expecting retirement from 1 turnkey property...Unfortunately, it is what it is and I ate $#@% for many years before I said enough is enough heheOz Realty has been the bread and butter for us and our main focus since we shifted focus.Crazy that I'm even typing this as I hated PM for many years and considered it just as the "necessary evil" in order to offer a turnkey product.Now, if I could turn back time, I'd never do turnkey and would only do PM hehe.Everything happens for a reason mate.Granted, it took 7+ years to create a lean and efficient PM machine heheI'm in Toledo every month for 7-10 days so feel free to hit me up whenever you are in town.All the best mate 🙏 @Engelo Rumora , haha, a new book would be valid for sure, as things do change fast in this world, looking forward to it. 

An assumable loan can help you sell for more or move a home that might not even appraise due to condition isssues - I sold a property with an assumable VA loan that had the bathroom torn out and no flooring.If you’ve been waiting for a creative entry point into real estate, this might be it.If you've actually done an assumable loan, or have questions ask them in the comments!

Most hard money lenders will need conditions to be met.

As colder weather approaches, I make it a priority to stay informed about weather conditions and plan accordingly.

I’m flexible on price per door depending on location and condition, though I’m primarily targeting strong cash flow and a 14–16% IRR range over a 5–10 year hold.I’m open to markets like Wylie if the fundamentals support stable long-term growth.