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.

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. 

@William CoetThe big players definitely approach these markets differently from individual investors.

That is the norm for the overwhelming number of investors, and the low-risk approach.

Exploring multiple strategies like fix-and-flip and buy-and-hold is a smart approach, especially as you discover which niche suits you best.

While 3-5% increase is the tolerable 'nice' approach, it isn't on you to absorb market increases in expenses if you aren't on a yearly lease with your tenants.  

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

Because of your loan size, I would advise to buy the rate down using up to 2 points as those usually have the quickest ROI for the payment savings and you will not see rates drop low enough probably to do a refinance that makes since as it would take longer to recoup the cost of the refinance.HomeStyle Renovation loan does require all work be done by a GC so you cannot help with the repairs. 

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

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