SFR will be 1/1-3/2 properties in median income (B – C) neighborhoods requiring mainly cosmetic improvements.CRITERIAWe would be looking at an initial LTV of as close to 100% as we can find – this number would change respective of how much capital we build and can reinvest from completed projects.

It was Reg D at one point and then they closed that and moved to Reg C so advertising could be done.

I like the idea of estoppels, but they're a PITA to get signed by tenants especially in class C and D assets.

Quote from @Marshall C.

@Don NicolussiRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Is it (a) pre-offer (b) after an accepted offer but before contract signing (c) after contract signing during a due diligence period? 

It makes sense to keep A/C on for showings in the summer heat of Dallas, but they could turn it up to 80 degrees.

However in the middle of the project, we find major flaws in the A/C so we have to re-do the entire A/C Duct replacement.

@Ofir R. we've helped several in the past from Germany - usually trying to save their portfolios after they dealt with the wrong "experts" and made bad decisions.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Why put effort into providing a product that (a) your tenants may not want, (b) increases your workload, and (c) doesn't line your pocket?