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.

If that’s correct, here’s my non-expert opinion. 

We would also have to close on the house first before being able to open a business account, correct?

Then level the floor - really shouldn't need more supports after the first if they were installed correctly.

It's not difficult to find tenants if the property is marketed correctly.

I'm correct on this? 

Quote from @Marc Zak: In the market where I live (San Diego), appreciation has been strong and many predict it will continue to appreciate in the long term.However, with current interest rates (6% at best) and property tax (2%), the annual cost burden is 8%.Am I correct in saying that appreciation has to be above 8% annually (plus whatever my maintenance and vacancy costs are) for me to make any money in this scenario if the property is cash flow neutral?

If structured correctly, an S-Corp can offer significant tax savings while maintaining the benefit of rental loss deductions.

There is always the chance of pricing correcting. 3) Any other insights / tips are appreciatedOther things to think about: A lot of value is in the land.

Because I haven't been confident on my calculations for ARV & Rehab or How exactly to fill out a contract going about things the CORRECT way. if interested in working together, or even mentoring, giving some advice, or walking me through my first deal would me supper helpful and is very appreciated.