Also, try to find similar rental units in the same neighborhood to compare to so you have more of a rent range/conservative approach. 

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 think the failure of thought is to think any 1 singular approach alone is any kind of "silver-bullet" sure thing. 

A college student getting an engineering degree should consider different approaches, even if he decides to deploy some/all of the inheritance in real estate, than a high school dropout working a minimum wage job. 

If you contract is free to come with you, that would be the best approach. 

I think 5% is a pretty standard rate to estimate with, but beyond that you might be higher or lower depending on your approach to landlording. 

When looking for your next potential property how will you approach the analysis? 

The beauty of this approach, is that she manages the exact way I want my properties to be managed.  

Hello,We are being approached to GC/partner on a spec home with whom the client owns the lot and will be securing the construction financing himself in order to do the deal.

MTRs are like LTRs in some ways and like STRs in other ways, so you have to approach it from both perspectives.Happy to share more!