Situated in Houston's vibrant inner loop, it ranks among the city's most coveted and rapidly expanding neighborhoods.Job Growth: Houston is expected to add approximately 57,600 jobs in 2024, continuing its trend of robust employment growth.

My estimates were much higher.

What we're struggling to understand is how to underwrite/estimate the paper losses that a MF would produce and IF this strategy is worth it from an income/tax savings perspective.

And they can give you an estimate.

Estimate potential rental income and factor in a vacancy rate.

So even popular rent estimate tools seem a little inflated unless you're outpeforming the competition with what youre offering.

I estimate that will take about 8-10 months to get where I want to be. 

What's the estimated after repair value? 

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

The tenant of this property is a brick and mortar retail business I own and the current market value of the property is approximately $1.5M.