I will also say that the majority of our clients focus syndications (even if it's through a fix and flip fund) given that it is just much more scalable than doing one-off raises. 

This could be minor, or major work that we wont know about until that inspector comes out. 

Check out some of the great things happening in Detroit in 2024https://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/

I currently manage a portfolio of 17 STRs, some are mine, but a majority for other owners.

I considered sound proofing the ceiling of the unit below but I’m reading articles saying that it can be very pricey and it won’t make a major difference.

BUT in vast majority of cases the % rate at which they are being assessed against the property value has laid flat or gone DOWN, not up. 

But you typically want to be easy drive to some major metros. 

And I have had two potential opportunities "fall into my lap" that involve inherited properties that need major remodels to be able to compete in the MTR market. 

I own a fourplex in McAllen, TX, and recently dealt with a major plumbing issue.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.