: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 now track my final sales cost against my original estimated ARV against what the best/closest comp was when I first did my ARVs. 

The loan will be originated to the LLC (entity) as the borrower and the property (being transferred to the LLC) will be the collateral.You can choose to refi the properties individually or in a loan tape (portfolio), however when in a portfolio the properties need to all be owned by the same LLC, and the lender may require that they also be all in the same state.

Originally posted by @David Thompson:Life happens for you not to you. 

I know this is off topic from your original post, but when I see a comment like "Section 8 tenants, so the deals tend to be as safe as possible", it terrifies me.  

Here are a few tips to help you score that first deal:Network: Join local real estate groups and online forums like BiggerPockets to connect with other investors.Find Motivated Sellers: Look for distressed properties and consider sending direct mail to homeowners facing tough situations.Research the Market: Know your area’s property values by analyzing comparable sales using sites like Zillow or Redfin.Craft Compelling Offers: Highlight the benefits of a quick sale to sellers and consider a solid earnest money deposit to show you’re serious.Market Yourself: Use social media to share your journey and post flyers in local spots to attract leads.Stay Persistent: Rejection is part of the process, so learn from it and keep refining your approach.With your big business mindset and hard work, you’ll make it happen!

Pay off existing mortgage: The new loan pays off your original mortgage, including closing costs and any prepaid items.2.

Most important will be your 401k sharing in the income and expenses pro rata according to the original investment breakdown.  

But if property is originally purchased in trust, and mortgage, if any, signed by trustee, there is anonymity and limited liability as far as I can tell.If a claim is filed all this will eventually come out.

@Maria WalshHi Maria,To your original questions, whether condo or SFH, you will not have a problem finding tenants, particularly in the winter months.