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.

Starting with a smaller property or a few fix-and-flip projects can help you build equity, gain credibility with lenders, and better understand the process before scaling up.Securing funding for larger projects can be challenging without prior experience, but options like hard money loans might be worth exploring.

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.

I’d love to connect with anyone willing to share a little bit about their investing journey and its challenges, or someone who is simply looking to connect.

He confronted (and still does confront, present tense) the hand he was dealt with dignity and a “no excuses” approach.

She wants to put proceeds into a strategy that is not real estate, which obv presents challenges for tax mitigation.

Use a property manager for out-of-state properties or if you prefer a hands-off approach.

Happy to be challenged on them if anyone disagrees by the way!

Quote from @Jason Baker: After leaving the real estate market in 2024 and bringing in the new year of 2025, what are the best updated strategies/approaches to be a successful wholesaler in the Miami Market?  

If it was necessary, it might be challenging to seek reimbursement.