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.

If he opts for a townhouse, a low HOA fee will help his buying power It gets tricky using lease agreement income when purchasing a house so I do not think that idea will work.

In layman’s terms, I took all of my earned income to continue with the rehab only paying down my debt when someone else paid me (my lender via draw money).I won’t bore you with the details, but this lasted about 6 months.

Really at the last minute before closing.

I just bought a lovely 8 unit last April that had been horribly neglected but have turned it around and done some cosmetic renovations and increased rents.

I’ve just heard horror stories from landlords and I’m looking for suggestions on how to best vet tenants - Good credit, no missed rental payments in last 5 years, etc.

This last bank limitation isn't a bad thing in my opinion because the long-term rental yields are low and what are you going to do if a tenant doesn't pay?

When I have last minute cancellations, I still pay them.

Any good insurance company I should check out who are good with property damage claims (lol, my last one was horrible experience)?

Lastly, I would also try and tap into any MTR market you could possibly have in your area.