What if they have collections or judgments?

How many doors do you need to collect to get a measly $10K passive income?

Buy, refinish the floor, spiff up but don't modernize, then trot on down to the Huntington Collection and furnish with quality, durable antiques.The niche market I'd target is rich parents of out of state child actors coming out for auditions.

fudging write-offs or collecting income under the table comes to bite you in the a@@ when it comes to financing whether that is personal or business.

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

When you are that busy it is easy to put the portfolio to the side - rent collections, showings, maintenance, etc.

It tends to mirror some of the aesthetic around the place.Mixing old and new, light and dark, high-end and affordable/approachable tends to give a collected and lived-in space that feels really comfortable and unique.

While distributions are on pause, we are not collecting its asset management fee and Birchstone Residential is collecting a reduced property management fee. 70/80%  of syndications are in trouble in 2024.

They e-mailed me after my move out requesting an additional $1218.25 beyond keeping my deposit and threatening collections if I don't pay it.

That way if you have any issues collecting rent you can contact parents as well.