All original tenants were long term low rent tenants.

I also know that if I manage the project well, it will come in near the original estimate and at worst between the original and the high estimate.

Values are holding strong, with sellers receiving an average of 96% of their original list price.Townhomes & Condos: Expanding HorizonsWhile townhome and condo sales dipped by 19%, the median sale price edged up slightly to $420,000.

Ive also noticed a big trend in private lenders originating 2nds and gap funding and whatnot.

Sure, the median time to contract jumped from 21 to 35 days, but with 95% of the original list price still being met, realistic pricing and a great presentation can seal the deal.Townhomes & Condos: Options Galore and Room to NegotiateTownhome and condo sales saw a 17.8% dip, and cash purchases dropped by 8.1%, showing a bit of a shift in the buyer pool.

: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.

@Christopher J FuchsTo prepare for your first real estate investment, focus on building your credit score, market research, planning your investment, networking with investors, creating a savings plan, and exploring financing options.

The 700+ score means NOTHING without enough accounts to support it.

I've been interested in Real Estate for a long time now, was even a loan originator at one point.

We are all familiar with buying or originating a note and collecting  the interest until the notes pays off.