So, we obtain a full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc. to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyWe also obtain data from national databases about evictions, convictions, and sex-offender histories.

Usually the numbers don't work to build in these neighborhoods, unless government tax credits, etc.Do you see the problem with your two statements:"The turnover costs could/will be high"and"How much more damage could they do?"

Vacancy and maintenance factors should be higher than for Class A or B.

On the flip side, if you've got a bunch of Section 8 tenants living in a building that's in a neighborhood where a lot of the tenant base has good jobs, high credit scores, and are generally reliable people, you've got the most risky tenants in that tenant base and that ain't what ya want.

Please double check this and make sure that wasn’t the amount for the raw land prior to the build.

You should reach out to @Melissa Haworth she can get the actual numbers/rents on STRs in the area to help run your comps.Each building is different, each area is different, it is important to find accurate data to make good decisions.

Do the calculations factor in default rates?

Then delivered random orders which we were not allowed to do in building. then, sat there.

probably not because the cheap markets have valuation below build costs.So ...Why are you looking to invest OOS?

Housing mix will change; more condos and co-ops and multi-family apartment buildings.