I use standard market PM rates in my underwriting, but I also would not work for those rates but it is fair compensation for the work.I typically use vacancy of 5% not because I have ever had a unit that had that high vacancy but I do not have a no payment category and I want the underwriting to be conservativeon the opposite, your rate is a bit high and your appreciation rate and rent growth are modest.overall, seems like a decent attempt at an analysis.  

Demand is very high, both for rentals as well as for sale and this is probably not going to change.

I wouldn't touch Franklinton with a 10' pole on the existing inventory side. gravity 2 is being auctioned and sold by the developer the area didn't support office developer lost millions:https://www.bizjournals.com/columbus/news/2024/12/19/gravity...linden I agree on if you can get a good deal. super fast appreciation. small homes, close to downtown, you can look at year over year and it's going up fast but also fast to change. any urban adjacent neighborhood is going to be good. 

You can legally change or cancel a contract if all parties agree. 

These type living arrangements are primarily short term until user circumstances change

My last rehab was projecting far better than a 2 to 1 return which was fortunate because we went way over budget (my worst over budget by far ever).

How do you prove the change?

I've done it twice in Reno, NV and it's changed my life. 

If you have ever played the Cash Flow Game, you are pretty much the poster child character in the game for a high-income investor.

Many of our competitors would have walked away, leaving us with the upper hand.If you have the right mindset and the right resources, properties that others shy away from can become some of your best deals.Have you ever dealt with a property that took months to resolve?