So I am familiar with soflo.One strategy I am trying to implement is The 4-3-2-1 Strategy:Start with a 4-unit property: Live in one unit, rent out the others to cover your mortgage and expenses.Repeat with 3-unit, 2-unit, and attain your dream home last (1 unit property)After 12 months of living in each property, consider a cash out refinance to use equity for improvements or further investments, if beneficial for you.Build a real estate portfolio of 10 rental units in a 3 year span while generating rental income.

I actually have a creative financing course that covers all the options from seller finance to sub2 to DSCR to rentals so if you have any further questions let me know as I have a student that bought rentals in your area due to student demand from the college. 

When a tenant moves out, I want to fix the unit ASAP and rent it again; not wait for a 3rd party to review it and then tell me what they will and will not cover.

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.

Our insurance did not cover moving the tenants out along with their temporary housing.

To really paint a picture for you...This is equivalent to you paying money to get a list of vegans that are also animal rights activists, to try to sell them baby-cow burgers.Your intentions are great and if all you were trying to do, was to help others I would put on my cheerleader outfit and pompoms and cheer you on.

This was on Labor Day and I got a call from the neighbor with this picture.

Between Airbnb and Vrbo you probably have 95% of the market covered, but you can also get on sites like Booking.com and Google Vacation Rentals, etc for additional exposure. 5.

We normally make them sign a lease, so everyone knows what is expected and covers both parties for liabilities.

Rents tend to rise over time, amortization steadily increases equity, incomes rise, so the investor has a lot of “cover” for unfortunate timing or operating “mistakes”.Number 2 - periods like 1932 - 1941 and 2008 - 2013 are much harder on this strategy.