Hello everyone,I am about to start writing out offers and I wanted to know the general opinion on how to find proper comps in the area when calculating ARV.

We can’t profitably turn it into a LTR, or easily anything else.Desirability - well two favors balance out.

You lease should state a interest fee for unpaid balances.

Couple of details that would help the community here: what's your estimated value of house "A", the loan balance, and monthly rent?

Since flips are typically treated as dealer properties, profits are taxed as ordinary income.Please make sure your entire structure is properly analyzed for you to save most amount of taxes.

But again, there is a charm to older properties, because if they do have the proper envelope a great structure, and the ability for a functional layout, they can have a lot of potential. likely a full gut...

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Although the forum input can be helpful, you need to have proper legal precautions in place rather than opinion.

I have about 150k equity in my home and have $215k balance on my mortgage.

In San Francisco proper the discrepancy between 2 and 3 units is bigger I assume because of condo conversions.