However, your unfortunate ultra conservative approach may work, but it won't work for all.

I hope it doesn’t take him too long as the deadline is approaching...

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

@Monica Juarez-Gonzales Adding to prior note that @Michael Plaks has created the best resources and content, bar none, to help investors understand how to approach Cost Seg.

Kudos to him for doing it, but his rules and his dogmatic approach is also the same thing that made Open Door Capital a horrible venture because they skip over being pragmatic.

An experienced team or partner can also help boost confidence.Providing a combination of a solid commitment letter, proof of funds, and a clear, professional approach signals you’re serious and capable of closing the deal.

I’m interested in learning about buying and holding long term rental properties.But I’m in a really messed up situation right now and looking for suggestions what would be the best approach to my situation in order to scale quickly. 

It’s reassuring to know there’s a supportive community of experienced investors willing to share their hard-earned lessons.I’ve taken a ton of notes and feel much more prepared to move forward with a smarter, more intentional approach.

Reliance on a team a flight away wasn't for me as I was getting started, I am considering bending that approach. 

I would J/V but not sure who I should approach on that.