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.

These days too many people have too little coverage in case of a rebuild so you do want to make sure you understand the true cost of a total loss.

BAM Capital is excellent in identifying opportunities with a high "yield on cost" which reflect their experience to operate Class-A properties at much lower costs. 

So if there is a fire due to natural cause, HOA insurance will cover the cost of exterior repair like painting the exterior walls.

What is the cost of financing.

There is so much that goes in a business, rental rates, rental tax, inventory,  job costing, payroll, business analytic reports etc, QiuickBooks does handle what I have mentioned here. 

Points I can roll into the cost and don't mind a buy down if necessary.My primary concern is the bleed rate monthly for the build, Airbnb stabilization and the year after while we season it and prep for final financing for long term hold.

I’d suggest exploring a bridge loan that covers a portion of the purchase price along with 100% of the renovation costs.

Here are a few key pitfalls to be aware of:Common Challenges:1.Aging Properties: Many Section 8-eligible homes are older, which often means higher maintenance and repair costs. 

Tenant screening, especially here in Chicago, is one of the most important things you have to prioritize learning - learning it the hard way is the fastest, but not always the most cost-effective (I know from experience haha)If you still need a solid eviction attorney, please let me know!