If you have more of an appetite for leverage, then I think you trade up into better quality, higher appreciation assets; however, life does not exist on a spreadsheet.

- Tenant application and screening reports, background check, etc- Unit walkthroughs- Inspection by quality inspectorFew questions I have are, whats your thoughts on:  1) Rent estoppal letters from tenents? 

I'm curious, how do you find the balance between quality and cost when looking for items on Craigslist and Facebook?

If you do not have quality documentation working together to build a wall against lawsuits and creditors then your wall will just fall down on you. 

If the rental is in town, maybe start looking on Craigslist, FB Marketplace and OfferUP for quality used furniture to have as backups?

With a focus on quality properties and favorable terms, I aim to build a strong portfolio and maximize returns in this thriving market.

Sponsors of 506(c) in my experience are higher quality than those doing 506(b). 

It also cracks me up that Flint is on this list but not Detroit.Maybe they're filtering purely by numbers with no regard to the quality of the city/area?

Writing (quality) posts takes time that we take out of our "free" time so it's always good for the writers to know that they don't spend the time for naught.Great that you mention the tax issues, which I didn't comment on because they're not really an issue in the countries where I invest.

The irony of this is that you get way higher quality tenants.