I corrected the Ad and had about 100 responses for the typo ad.It really should be obvious that Vacancy is dependent on 3 factors, 1) the Asking Rent versus the FMR ,2) How dense is your rental Market and 3) What is the current vacancy rate in your target area.If you build your Business Plan with these details, you will be surprised how accurate they can be.

Everyone will come across as positive that their advice is the best, but they often don't actually know your specific details, so just be smart about how you apply their guidance.I'll send you a PM so that we can connect!

Hey BP community,I'm a first time homebuyer that wants to make my first home a rental down the road and I'm evaluating a property in Hurst that I have an opportunity to jump on pre-market.Here are the details on the house:1316 Redbud dr. 3bd/2bath1910sqft, 10+ year old AC/Heat system 4 yr old roofold water heaterThe house needs new floors in all bedrooms and the kitchen needs updating.Enclosed rear porch.The comps in the immediate area, based on my rookie evaluation came out around 220k and they want 230k for the house as-is with a lease back option for a couple months to accommodate my upcoming wedding.

I would prefer this type of detail and explanation over a few sentences or a few word response though. 

If it was off season, they'd give them a fair discount off the nightly while still being much higher than a long term (12 mo) tenant.However, if it is important for the home to be in The Villages very near your parents, then that should be an important detail in the decision as well. 

Are their listings detailed with good quality photos?

Also, any recommendations on reputable lenders in either area would be very helpful!

Could you give some more details on what submarket in Houston you're referring to? 

@Steven Michael Thomas I did a BRRR with a triplex in Toronto, cosmetic reno which I lived through in one of the units, then moved out of after.I can message you the contact details of the investor-focused realtor team I work with - I was a newbie and they guided me through the process end to end, and they have a meetup next week.

PM me for more details