Hi all,Yes I see several hosts also vacant and offering below market so I believe it’s a supply and demand issue and not that I’ve cross listed different sites I’m getting inquiries for some reason again.I may have to sell if we’re not consistently booked unless we come up with something creative .I see some landlords trying to sell their units as well.I really appreciate all the helpful comments and tips  here and will pursue them.Thank you BP community! 

What tips and precautions can you provide In order to succeed in this project? 

But since you still have lived in the property for 2 out of the previous 5 years you could take  the $250,000 as well as defer the rest of  the tax in the 1031.Thanks for the tip!

Any seasoned real estate investors out there with location tips?

Even if you can only add an additional $50/month you will get a larger tenant pool to choose from with the W/D in the unit.

Thank you @Patricia Steiner for that tip.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Second, the brokers who perform these are often brokers with a lot of time on their hands, so the pool of brokers are the LEAST successful and newest brokersThird, the brokers are not educated in the proper METHODOLOGY to perform a valuation.Look, if you as a broker run some comps where the subject property is a SFR in a “cookie cutter” subdivision and the subjects age, style, amenities, condition, are similar to the comps being used, you’ve got a fair shot at a pretty accurate valuation.  

Hi BP Community! I just listed my first flip project (which turned out beautifully). The house has been on the market but traffic is slow - not sure if this is due to the current environment or something specific I sh...

I have a nice sized house (3k sf) in a nice community close to everything, on a lake, fenced in yard with nice pool & screen house, all 5-star reviews, but both last summer and this summer have been about 50% occupancy.