Therefore, you should budget 5% to 10% of the annual rent to allow for vacancies.Why Is ROI Important?

Your mechanicals and capital expenditures are a lot more important and more expensive to fix than a pretty kitchen. its better to live in outdated kitchen and have a well kept home with updated mechanicals/roof/hvac than one that looks pretty but will start to crumble5.

It’s important to examine the legal basis for the governments action.

Exit strategy is also very important.

- **Feedback from Showings**: It’s important to get detailed feedback from potential buyers and their agents.

You absolutely need to get copies of all the leases, AND, before closing I definitely suggest you get estoppel agreements signed by the tenants verify their current rent, security deposits, and any other important terms.

Don't wait for the perfect deal to come up, the most important thing is to get started.

Verifying last 2 years of rental history very important!

It's important and an investor/mortgage broker that you carefully vet your lenders and understand what each lender is looking for. 

Finally, speed is important—moving quickly on the rehab and resale can help minimize holding costs and increase your profit margins.