Last house I did all the work myself except for drywall and insulation. 1150 square feet, down to the studs, everything new except the roof and I spent $66,000.

The resident pays the second month on time and then, and only then, do they get the concession.If the market is soft, and we are having trouble renting, before we consider concessions, we look at the product, the marketing, and lastly the price.

Lastly, make sure to rework your numbers on the conservative side. 

The last time I checked, they said Airbnb decide this category and I cannot request it. good luck it will be incredible boost. 

My last visit was in 2021 and owners were limited to one guest per month.

: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.

Some, like the last one we got in place, used a drive by estimate of value rather than a full interior appraisal.  

One last question - is your assistant actually hand writing the envelop?

I did this again last year with a paid off property only cash flowing me $1200/month.

lol, bro, he's been involved in an attempted murder twice in the last 6 months.