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.

If Oak Park allows STRs, leveraging that history could make the property stand out.That said, unless the home has been preserved as a landmark or has unique historical features, the value boost may be more about novelty than a significant price increase.

Verifying last 2 years of rental history very important!

Verifying last 2 years of rental history very important!

Your location, your list, your approach, market conditions, time of year etc.The only thing I can tell you with 100% certainty is you'll need to SMS a lot more people than you will need to cold call.

Quote from @Sheri Fluellen: I have been with them for 8+ years.  

Bought undervalued (market value of 265k); refinanced about 1 year later to contribute to next property purchase.

Could be 30 year amortization with a 5 year balloon.

Using a recent example from one of my deals, I saw firsthand how inaccurate comps, misclassifications, and unfair adjustments could impact an appraisal by tens of thousands of dollars.I’d love to hear from other investors—have you ever had to dispute an appraisal?

I've been investing in real estate in my area for 8 years, 9 later this season.