The faux wood home depot ones hold up better than the cheap plastic ones.

Underwrite to reality, not what you hope costs will be, because they aren't going back down.Post-pandemic vintage syndications:  You are mostly right, Scott, that these investors are cooked. 

If you can maximize all 3, then you've also created a very wide lead funnel, which is less common in multifamily properties.Maximizing "pets" means you're removing carpet, allowing at least 2 pets including cats and larger dogs > 50 lbs, access to a fully fenced-in yard or walking distance to a dog park, leniency on breed restrictions (depends on insurance, your risk tolerance, due diligence with pets during inquiry phase), pet friendly furniture (e.g. faux leather couch, low pile rugs if at all), etc.

There are 1920-1930 vintage properties  with recently updated mechanicals and a new roof and there are the same vintage properties that need work. 

They are durable, but catch hair and dog fur more than the Bassets.I would avoid faux leather.

but if you look at the Town of Portola you can buy a very livable house for 200k to 300k  basically same price as Cleveland for same vintage and quality..

Real Estate or ART or Jewelry or your kids baseball card collection.The principles apply to whatever you are buying. 

You also need to understand the vintage of their deals.  

The only thing interesting in 2024 WC defaults is the vintage year, which is over 35% 2021-2022, meaning a lot of recent borrowers threw in the towel in short order (no pun intended).

Its one thing in an air bnb to steal the Kurig machine its another to break into and steal all the jewelry guns and other valuables.