Looking for something with low acquisition cost, and meets or exceeds the 1% rule.  

My father is a contractor so we will be able to complete most of the work ourselves while keeping costs low and add equity.

A post on recapture.People are concerned about recapture when they cost segregate their improvements and for good reason.Recapture is real, and those deferred taxes will need to be paid.But fear not!

We abated the walls, and that added $10,000 to our costs.

The peak season is during the summer months, between Memorial Day and Labor Day.

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.

Turning over some kind of commercial property is more labor intensive but it also scales quickly because of potential returns.

They are even working on getting me the evicted tenant's security deposit, the missing JANUARY rent since the place is still empty, and covering the cost of my own manager re-listing the property.

However, one nice thing about this community is a one-time cost and it doesn't require additional payments.

Maybe that is gross profit when you sell it, but what about the cost to build it?