--------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

@Josue RamosRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Hey Elizabeth - I'd factor in about $10k to get a padsplit up and running when it comes to furnishing which would include washer / dryer, additional fridge, bedding/desks, common area furnishings if you want to offer a little better experience.I'm only familiar with ATL - I think accounting for 1 move in / 1 move out per month is a good conservative assumption here.$8kish / year or so on routine and reactive maintenance combined which should include your cleanings, lawn care, maintenance calls ect. 12% per month of gross rents should be a good estimate if you want to look at it like that!

VA Loan Assumptions and EligibilityAssumption by Individuals: VA loans can be assumed by both veterans and non-veterans, but the assumption must generally be completed by an individual—not an entity.

It's one thing to say that "a typical tenant would likely stay for X years" and another to say that "on average, across our properties and thousands of leases, we see that tenants stay X years" -- the first one is a bit of an assumption and the second one is a stated fact. 

Usually the discrepancy lays in poor assumptions:1.

Adjusting the purchase price, budget, and offers can help you reach the break-even point.Many calculators overestimate cost assumptions or rental comps, which can be both beneficial and a hindrance.

My assumption is they avoid the headaches or have too many in their flip queue and would rather assign.

For example:CapEx: $250-300 per unit per year for older properties, adjusted based on age and condition.Maintenance: $500-800 per unit per year, depending on property class and tenant turnover.Make-Ready Costs: $1,000-2,000 per unit for turnover, depending on the scope of work required.Resources and Tools: Utilize tools like BiggerPockets’ Pro Calculator or other underwriting spreadsheets that have built-in assumptions for these categories.

Less good contractors will make assumptions and bid the project there, then when you change or add things, the cost will be higher than it would have been if you knew it at the beginning.