Note the below bill was proposed, establishing a 5-year moratorium on condo conversions in high population/population density counties (basically Hudson County only).

And if you haven’t performed a cost seg study before and intend on improving your property, I highly recommend doing so beforehand.ARE THERE ADDITIONAL BENEFITS TO A COST SEGREGATION STUDY?

The only thing that I can think of is that the rent price could possibly be too high. 

I don't like it I have to be honest - I think part of the reason you're cashflowing is the low interest rate and relatively high downpayment.

Current prediction is rates will land in the high 4s in 2 to 3 years.

High-quality photos and detailed property descriptions are key. 

Your second property is either a highly leveraged property to round out. your 1031. 

: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.

It's very important to have a good PM and not go cheap or there's a high chance your rental will get poorly managed and you'll lose money in the long run. 

Hey everyone,I’m curious to know what strategies have been most effective for you when it comes to finding consistent, high-quality deals.