After conducting thorough due diligence, including a professional inspection and market analysis, the property was acquired for $72,000.Renovation and TransformationThe renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

We charge 10% and we pride ourselves on quality service.

You’ll want to invest in areas that have tenant interest but also aren't on the extreme end of neighborhood quality—this means avoiding the very toughest spots, where turnover can be high and managing tenants can be difficult.

9) What happens if they don't show when they are supposed and work quality is poor?

Not the case.Just like everything else, there are always different quality of Section 8 tenants.  

@Travis Boyd The quality of the neighborhood will affect the cap rate to be used.

There are a wide variety of amenities that will enhance the guest experience.Some lower cost ideas for 'fun amenities' could be...

Op ex ratio may end up being more like 45% or perhaps 40% with newer high quality construction.

While I don't object to spending money to do one's due diligence, I don't know if $500 is called for when you can get very high quality syndication groups/meetups/information for free.

I have an outdoor pool that easily have 1k+ people using it every season and I never had single complaint due to the water quality.