For some reason I am getting you want to approach this from an emotional versus business standpoint.  

I would caution this approach as a cpa.

This approach is cost-efficient and eliminates the complexities of dual-state filings.

@Polat Caglayan we can answer all your questions, yet you avoid setting an appointment with us.Very interesting approach you choose...

Creative financing is ruling in this transaction space.Would love to discuss the opportunities you are seeing in the sub 50 unit universe and the best creative financing approaches for these deals! 

Very conservative approach that protects the seller.There is a long thread that covers what I'm talking about atPace Morby Mentorshiphttps://www.biggerpockets.com/forums/79/topics/1001612-pace-...  

Solid, no-nonsense approaches.

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.

I’ve heard anywhere from 10-20% of the rehab budget, but curious how you approach it, especially for bigger projects. 20% of a 115K rehab is 23K.

I’d challenge you to go approach any sponsor and and ask them what percent of the deal they’d take.