It is to prepare you for the inevitable and create a Defensive position.It is calculated using Rent.Example: $1,000/month rent - set aside $50/month for CAPEX, $50/Maintenance & Repairs, and $50 for Vacancy.

we are preparing a map of the zip codes, similar to the one in Memphis, TN (murder capital of the US) to allow us to concentrate in areas that are conducive to invest.

Be prepared for large assessments you'll possibly need to pay into, and I would make sure the majority of the condo is STR already in a large vacation market.

What to do with the dirty water (whether that be because of food, shower water, or bodily discharge) is the one that worries me the most.

Case workers look at things such as disability, are the potential tenants collecting food stamps, child support, do they have other income, SS, how many children, what ages are the children etc etc etc.....In your earlier comment you said average for 3bedroom is around $900.

McDonalds might not allow a chicken restaurant or a Starbucks, Panda Express wants to exclude ALL Asian food (Thai, Pho, etc.) so it is paramount that you understand the exclusive use clauses in each of the leases in the property that you are buying and how it will affect your ability to re-lease your spaces when they do ultimately go vacant. 7.

Typically need to be prepared to put down 25-30%.

Below are a few ideas to think about.Appraisal Concerns: Include a clause in the counteroffer to address any potential gap if the appraisal comes in lower than the offer price.Closing Costs: If the requested $10k seems high, propose a lower amount or adjust the sale price to cover some of these costs.Escrow Deposit: Counter with a higher deposit to ensure buyer commitment.Financing Contingency: Make sure there's a clause that protects you if the buyer’s financing falls through.VA Requirements: Understand and prepare for the specific requirements and inspections associated with VA loans.Professional Advice: Consult with a real estate agent or legal professional for tailored advice.Communication: Maintain open communication with the buyers for a smooth negotiation process.Best of luck with your sale,KC

I’ve been a licensed agent for 8+ years and have managed rentals here and there on a smaller scale but now fully prepared to build a business out of it. 

It's like asking "What type of food is good?"...