Buy a quality property, stay away from the hood, rehab it as if you would move in, take your time picking a tenant, you'll be find.

Dwelling (Building coverage)The limit should be based on the Replacement Cost of the building (cost to rebuild withthe same kind and quality excluding the foundation)2.

3) What neighborhoods would you recommend in this price range if I'm targeting high quality tenants?

I've even seen agents that will finance repairs with a lien to maximize sales price for their seller.Who you work with matters and will mean the difference between a quality BRRR that cashflows or a property that doesn't work.I love to talk real estate.

These small touches can create a memorable stay and encourage positive reviews.Create a Standout Listing: Invest in high-quality photos, write an engaging and detailed description, and highlight features that set your property apart.

So an identical neighborhood (income, crime, school quality, etc.) can cost you as much as a $100k less on the South side simply because your neighbors are brown or black as opposed to white.this right here is the gem advice.  

The key is to standardize property quality and management systems, which would appeal to buyers seeking scale.If you’re thinking long-term, holding these properties for cash flow while leveraging local appreciation is also a strong play.

Op ex ratio may end up being more like 45% or perhaps 40% with newer high quality construction.

.- The management company charges a management fee of 10% - 15% which can be a little higher than average property management companies, but that cost may be offset by higher quality of services.- The management company also charges for other services such as fee for coordinating maintenance and repairs, and turnover and releasing.

Crime and Tenant Quality: With the higher crime rate in 76104, how much impact could this have on tenant retention and turnover?