My approach is to look at value-added deals since my partner is a GC.

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.

@Gregory Schwartz has great advice on the approach.

I believe an effective approach is to include a seller concession in the purchase contract, specifically as a seller contribution towards the buyer's closing costs.For instance, we had a case with VA buyers where we implemented this strategy, allowing a portion of the loan to be disbursed to them in cash.

Practicing resilience and maintaining a level-headed approach allows investors to navigate challenges more effectively.Thanks for sharing these insights!

Hello BP Gang,I've wanted to be a real estate investor for a long time and recently learned that I've been approaching it all wrong.

@Jonathan Greene what you're saying is incredibly true about adding value.

I admire the approach taken by ZipSmart in the US and aim to create a similar tool for all Canadian provinces but with less emphasis on the map. 

I was just on the BP Rookie podcast, talking about virtual assistants, and this community has been incredibly welcoming.

With interest rates climbing, we've definitely had to adjust how we approach funding strategies.