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.

That way:Each property or deal has its own liability shield (especially helpful if you're partnering).Your personal/family assets—like the house you grew up in—stay isolated from risk.It becomes easier to manage taxes, profits, and ownership interests across the board.For example, you and your wife could have your personal trust or family LP own the holding company.

Only $34K needed to close.

Networking with other investors is a great way to learn and potentially find deals.

Often they are enough to cover much of the closing costs.

Also, this is cliche but very true, ALL OF YOU MONEY IS MADE WHEN YOU BUY THE DEAL. 

.: You can ask for seller financing on the property, he holds the note for you and you bring in cash to close along with a certain amount of money to the seller at closings (i.e. $100K etc).

Hey David, I work frequently in the multifamily space and just had a client close on a 5 unit property just the other day.

They may be scumbags, but they're probably not criminals and don't want to become one.If it happens, your insurance can deal with it or you can go after them in court.

Purchase price: $425,000 STR investment property and manage STR in beach town What made you interested in investing in this type of deal?