Quote from @Jake Hughes: How long do your renovations typically take when hiring a gc?

Typically what I advise clients is to self manage your first 2-10 units hire your management for 10-100 units and then have the management company scale with you when you get to 100-200 units.

@Jerry ZhangWhat is typical in your market?

: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.

I've crunched the numbers on a typical 300-400K mortgage and the "break even" on refinance costs and rising rents is about 12-years. 

Insurance bookings often pay much more than what you can get from typical Airbnb guests.Yes, use your lease.

I'm interested in learning a bit more about typical vacancy percentages, size of the local population being serviced, reasonable percentage of effective gross income for expenses, etc. as well Peter.Hopefully some experienced member(s) will sound off!

They typically don’t go above 50% ltv and usually pay cash for the properties.

Tree trimming is not typical tenant landscaping and no reasonable person would think it is.

What you have been offered is well aligned with market though, typically at 75% LTV.