I bought an outdated condo, planning to do a cosmetic rehab later when I had more budget.I moved out of the condo in mid-2024 for a job, and by September, my tenant noticed mice droppings.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

GC never pulled any city permits yet charged me (didn't find this out until the job was finished). 

You may also want to check the Columbus OH market - great macroeconomics with lots of job and population growth along with major companies developing here that drive strong rental demand. 

Are you wanting to replace your job and do REI fulltime or just part time investing, or?

That can be tough when it's a one-off job or you only have one rental.

Do you have a PM or is this your job now? 

There is a ring camera system that has a job site security package as well some of my investors use for their projects do not have internet it works off cellular connection. 

There is strong rental demand because of growing population, job market, and the booming tech scene. 

Other risks, the contractor walking off the job, a storm hitting and delaying the project for weeks, someone breaking into the home and stealing stuff (which happened just the other day to a client of mine), a squatter, or drunk driver driving into the house (happened a lot at my old job as a firefighter lol).