Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

In my experience, tenants who are paying $300 in rent tend to react more negatively to these things and I've had issues with getting them to leave peacefully, but very broad strokes. 

Some helpful responses with the positives and negatives above. 

And if for reason you don't have enough equity to refi and pay it off, or something negatively happens with rates, then you could be in a tight spot. 

These are critical aspects that can influence not only your budget but also the overall feasibility of the project.However, if you’re looking for a lower-cost value add, turning the shed into a high-quality storage space could be a solid first step.

STR I would highly recommend not to focus on as first investment: also there, my partner is a superhost and we have been managing Airbnb for years and the last year has been pretty funky: people tend to book last minute and you risk to be cash flow negative starting brand new.

Get as much understanding and disclosure as possible on the closing fees and escrows that will show up on the settlement statement - including stuff like prepaid interest ("stub interest"), tand and insurance escrow holdbacks, etc - biggest pitfalls we've seen are people not 1000% clear and aware of these things then getting very negatively surprised at the day of signing 

Our approach is investor-focused, ensuring that each build not only meets but exceeds market demands in terms of both quality and potential returns.I'm curious—how have you found the transition to handling all three aspects of development?

Rent control can have significant implications for real estate investors, both positive and negative, depending on the specifics of the rent control laws and the investor's strategy.

Velocity of money, or speed in which you can complete a BRRRR investment and repeat, is key to success, and refinancing with the shortest seasoning requirements is highly important.Loan terms and interest: Cash flow is also an important consideration for a refinanced rental property, so attaining a low interest rate, as well as other aspects of loan structure (term, amortization, or interest only, etc.), plays a big role.Generally, there are three main refinance options for BRRRR method investors: Conventional loansBank/credit union loansDSCR loansConventional loans are generally defined as loans originated under GSE (Fannie Mae/Freddie Mac) rules and guidelines and securitized.