In 2023 we also had a major repair take place.

Had some vacancies which is normal, some major capital expenses handled easily but nothing drastic happened. 

If you use any of the major mailhouse services, like Yellow Letter HQ (a service I can personally vouch for), they offer a variety of templates and even provide text suggestions.A smart way to analyze this strategy is by observing people in your local market who use mailers and identifying what works or doesn’t work for them.The simplest and most effective way to test this approach is to pull a hyper-targeted list of distressed homeowners and run a small-budget mailer campaign.Hope this helps!

So the goal wasn't to make money necessarily for the majority of the partners/investors.

Fontanelle and PebbleTree are close to Blossom Valley and Village Oaks where all the major establishments are (Hospitals, Costco, etc...), yet they are separated by the 101, making them a unique and cozy community.

Hey @Graham Huber here's a couple charts on Philadelphia compared to other nearby major cities.

Turning an entire neighborhood where over 80% of the homes are new construction dating back to least 2015 till now, over a span of ten 10 years.Building houses is required to initiate a major gentrification process of a neighborhood, but the guy that invented tires didnt invent cars as we see them today.

That said, if I was retired, in a relatively low income tax bracket, or a real estate professional able to offset my commission income and interest income from PML with major cost-segregation, and wanted some spendable liquidity after a career in investing - PML all the way. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

So I’m sticking with my strategy investing in working class hoods near major freeways and downtowns.