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.

However, I am passionate about creating a micro home neighborhood in my area.

Hello Bp Community,
Im in my 5th year of real estate investing in Pennsylvania. I have 3 homes managed by a property manager. As I was priced out of the area, I decided to look at other towns in Pennsylvania.
I boug...

That is until the neighborhood got tired of the parking and parties from the venue, and got it shut down.

I found a house that I like to purchase in a great neighborhood and the exterior looks great for a 1922 stick built house.

Hi @Federico BuenoWelcome to the neighborhood!!!

Focus on a specialty/niche whether waterfront, multifamily, vacation props or even just a specific neighborhood to be THE expert.

There are a lot of really good people in the Memphis real estate community, and plenty of people will help.  

When evaluating a potential real estate investment, both the Debt Service Coverage Ratio (DSCR) and the 50% Rule can be helpful tools.

Happy to help.