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.

You are approaching it the right way with creating a foundation, getting your finances in order and learning about the businessGood luckGino

I posed the same question to them and awaiting to hear what their marketing approach will be. 

This approach works well for wholesalers who sell deals to flippers, and flippers or realtors can benefit even more by taking the extra step to generate their own off-market leads.No one said methods like cold calling, direct mail, or Facebook/Google ads won’t help a realtor find off-market opportunities.Just a friendly thought, especially given the high costs associated with Zillow leads.

This route can help generate more cash flow than a traditional rental and offset holding costs, even if occupancy rates fluctuate.Rehab: Use part of your bonus to address those problem areas for a BRRR approach.

The market has its challenges, but I’ve found that with the right approach, there are definitely opportunities to be had.

My approach is one of careful research, strategic planning, and a willingness to adapt as I grow in this exciting new chapter of my life.

A smarter approach would involve thorough market research, realistic projections on occupancy rates, and understanding that not every location is still a goldmine for STRs.

It's worth noting that making claims after being refunded and retaining access to our services and information can be misleading to others.We believe in the value of our program and the potential it has to transform lives when approached with dedication and a positive attitude. 

For creative financing, one option could be to approach the seller about a seller-financed deal.