Nobody has an objective answer to this question.

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.

There are self-proclaimed buyer agents but many of them will have as main objective to sell you something.The way I go about it is I look for properties myself and contact the seller agent when interested.

Mortgage professional for over 20 years and leads a team of mortgage advisors focused on helping real estate investors succeedSince Q3 of 2025, Jeff has:*Featured on the BiggerPockets Podcast RE Episodes 1163, 943 & 939 and BiggerPockets Rookie Show Episodes 588 & 409*Closed 37 deals, with 40% of his business coming from BiggerPockets investor leads*Converted 19% of his BP leads an outstanding track recordIn this exclusive session, Jeff will reveal the day-to-day habits that drive consistent deal flow.Agenda-How to build a strong brand as a loan officer in a competitive market-Jeff's systems for lead management and client follow-up-How to overcome objections and turn skeptical leads into loyal clients-Real examples of what's working in today’s lending environment-LIVE Q&A: your questions answered in real-timeTotally Free to join!

The IRS looks closely at “related-party” transactions, so your parents should tread carefully to avoid disqualifying the exchange.

Is compiling your Deal Packages mostly a manual process with each one and you just tailor it, or do you have a way to streamline and make it relatively quick and efficient to put one together?

I too, got caught up with the shiny object syndrome.

If you provide notice and they dont want to (or just dont) sign, the new rent is still effective assuming you gave the appropraite, timely notice.Pro of month to month lease is flexibility in the rent you can charge both related to taking a premium for M2M option and market changes (less likely)

Can totally relate to this here in North Jersey. 

Thus, I understand your objective on Bigger Pockets is not to learn more about REI or to help others on BP.