I am doing my research on this market,  is anyone here familiar or have any skin in the game?

Purchase Price: $280,000Down Payment: $75,000 (~27%)Loan: 6.625% interest, 30-year fixedRents: $1,350 per side ($2,700 total, tenants pay utilities)Property Taxes (2023): $4,247/yearInsurance: $2,600/yearProperty Management: 10% of gross rentMaintenance + CapEx: 10% of gross rent (includes reserve for roof replacement in 5 years)Vacancy: 5%Annual Gross Rent: $32,400Total Operating Expenses: ≈ $13,600Net Operating Income (NOI): ≈ $18,800Cap Rate: ≈ 6.7%Annual Debt Service: ≈ $16,000Cash Flow (after all expenses): ≈ $2,800/year ($230/month)Debt Service Coverage Ratio (DSCR): ≈ 1.17Cash-on-Cash Return (Year 1): ≈ 3.7%Notes:Roof expected to need replacement within 5 years (budgeted $10–12K).Tenants pay all utilities,Rents appear market average.Located in a stable B-class neighborhood with consistent rental demand.Population growth slightly negative but a 20 minute drive from Cincinnati.  

I'd like to know what kind of "solid job" they have in a family of four that needs 2 service dogs, which suggests that 50% of the family have a significant enough disability to need a legitimate service dog. 

What's your skin in the game?

I have not reviewed BAM's fees but it's likely based on their representation of UNDER 10% "skin in the game" that most of their "investment" is taken from fees deducted from the money gamblers place with them and counted as equity in the deal; this is a common practice in the syndication industry. 

You're going to need one to go to court for you anyway.

Vet sponsors hard: track record across cycles, fee structure, downside scenarios, investor communications, skin in the game, and third-party references.Leveraging those gains into local rentals (especially mid-to-long-term) is a great next move and gives you more hands-on control.

It's furnace is still kicking but it's from the '90s so it's going to need replaced anytime now.

Applicants will also be hesitant to apply due to not knowing what condition the rental will be when they move.If you're looking to lease quickly in the fall/winter, you're going to need to price the home aggressively to make it a good deal when it hits the market.

This is a BIG issue when it comes to Realtors screening tenants as they have NO SKIN in the game, as after they get their commission they won't have to be accountable for tenant nonperformance issues!