This way, they are no longer on the P&L and are now on the balance sheet as inventory when you run the report for that year.

You have a very good balanced approach to getting started and it's great you are prepping for the future.

It's super competitive here and we have a large flow of off-mkt homes coming our way, so we had to develop tools to speed up acquisitions/underwriting.I built something that allows VA's or very green staff members the ability to properly distinguish opportunity as if they had years of expert experience & local market knowledge.It will run sales comps & estimate ARV for you:And has drilled-down market stats that are actually useful!

They can ensure it’s done properly and provide advice on your specific situation.

Doing the proper due diligence & been seeing that in order to use SMS blasting you have to stay TCPA compliant and have the homeowners opt in.

@Toby FellowsGet an attorney and have them complete the process for you would be my recommendation.While it is something you could do, I always recommend spending a few hundred bucks to make sure it’s done and done properly

Diversifying into a high-growth market could balance out your Indiana portfolio nicely.

I hired a lawyer to handle it, and she was given proper notice. 

: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.

Lender will make sure you dont open any new trade lines or have increases on your balances.