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.

What would be my best approach, I assume find a private lender and work out some deal with them.

@Jackson Pudlo I have house hacked both ways, during my 20s and 30s in large SFHs and now as I’m approaching 50 I’m in a duplex where I rent one side and have a tenant in the other.

I'm just beginning my learning journey and want to make sure I approach things with the right perspective.

The streamlined approach minimized holding costs and maximized efficiency, proving the power of our strategy in identifying and executing quick-turn deals.

Looking for feedback on an approach to help grow my hospitality portfolio.   

We approach each eviction the same way and have our playbook every time a resident gets behind on rent. 

Cost approach A straightforward method that adds the cost of the land to the cost of building construction.

@Robert Spiegel Great question, and it’s always a balancing act when dealing with long-term tenants who’ve been fantastic overall.Based on my experience managing over 1,200 rental homes in North Texas, including areas like Dallas, Fort Worth, Plano, and Frisco, here’s how I would approach this:Cleaning Charge: While $540 may feel steep, it can vary depending on the size of the property and local market rates.

Learning the ins and outs while keeping an eye out for a great deal is a smart approach—knowledge and patience go a long way in this space.