Without doing due diligence on the property its hard to determine the major expenses such as roof, hvac's etc.

Standardize, then repeatMost major improvements aren’t unique.

Tampa, FL - several major hospitals, MacDill Air Force Base, professional sports and universities and colleges.

However, if there are major issues with the house NOT in the rpt the sellers may make some concession toward final agreed value.

The market we reside it is located within an hour of 4 major metro areas.

The magic ingredient is buying at a steep enough discount so that the financing doesn’t break the deal.

Less than a mile to hospital, major university and state capitol. 

Have you seen any major shifts in rates, prepayment structures, or reserve requirements?

In reality, however, one year could include a $10k roof replacement while the following year could have near-zero major repairs.

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.