The last thing you want is to have a home run deal that theoretically should be a high-profit flip but is ruined because your contractor screws you over in some form or fashion (late deadlines, inaccurate scope of work, etc.). 

For example, in my market, we see MF building permits way down for the last 2-3 years.

And congratulations on your last semester, and thank you for joining the military and serving our country! 

Quote from @Gene D Stephens: Hi Chris,I'm relatively new here and was just wondering if you could expand on your last comment.  

I can't remember the last time I read a forum post about an actual transaction...the posts are almost all about "the market".

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.

My experience in the last 15 years is that except in the most extreme circumstances, an investor is going to need some of their own capital to make a deal fly.

Those chasing the last 5yrs experience are going to be rather sad at what the next 5yrs hold for them I think.

Recognize there are challenges doing BRRRRs since the rate increases that have occurred in the last couple years

The most recent pay stub from my fiancé's previous job, which he left in June 2024 (he started a new job in August 2024 and provided the last two months of income).2.