Most turnkey companies proforma does not tell the complete story and that is why is called "PROFORMA" OR "PROJECTION", they don't account for the true vacancy, leasing fees, holding costs, and Headache factors that come with a Class C and D properties and neighborhoods.Hopefully, they can help you get to 100% occupancy and sell the property so that you can re-invest in a better neighborhood and relatively newer property like 2020 or newer if is possible in that market, or just go to another market you understand better or have some kind of connection with.All the best and keep us posted on your progress.

So think twice before taking any outsized risks, as you already achieved a nice equity base, and you don’t want to end up screwing the pooch by taking unneeded risks ;)Good luck and keep us posted on your decisions…

Specific technical issue that triggered this post.

That’s why my original post focuses on what can be done within that space to address affordability.

@Tayvion Payton  When I see posts like this, something I'm thinking the poster thinks financing is easier on 5+ units due to commercial loans or that the numbers make more sense. 

Love this post.

Breeya JohnsonThis is a super helpful post.

Perhaps this post is kind of droll.

Are there margins gross or post net? 

Focus on what the rents will look like post-renovation with 4 units instead of 2, and have a clear game plan for refinancing to pull your capital back out.