It caught my eye because it sat up on a hill, had a nice front porch, and although it was clearly vacant, the yard was meticulously maintained.

Many operators find that grouping daily, weekly, and monthly tenants in separate areas works best for maintaining a healthy community.Managing tenants in an RV park comes with its own quirks.

Is the strategy technically called residential assisted living? 

As part of this she is going to gift my fiancée a house, but wants to maintain the rental payments monthly.Here’s the idea we’re considering:- My fiancée would take ownership of one of her mom’s properties (title in her name).- She (and I) would then refinance that property and use the cash-out proceeds and our savings to buy another property outright (potentially to run a BRRRR on).

I really hope this helps you, tried to lay it all out, I sent you a DM on BP and hope you can assist. 

We update owners on every Milestone with standard messages that end with, "we will proceed unless we hear otherwise from you ASAP as long as your account has the necessary funds".8) We rarely waive Late Fees because we require tenant to make their next 3 payments on-time before doing so - which many tenants don't do.Remember, if YOU do not maintain control, tenants will teach you a lesson that is often painful!

Hi Josh, I invest in real estate and assist others as well in the KS and MO side of the KC metro, happy to chat anytime.

It caught my eye because it sat up on a hill, had a nice front porch, and although it was clearly vacant, the yard was meticulously maintained.

That’ll get your phone ringing while you figure out direct employer relationships; I really hope this helps you, I sent you a DM on BP and hope you can assist. 

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.